Reported 2 months ago
Walmart's commitment to low pricing will be challenged as it prepares to report its quarterly results after Amazon cautioned that consumers are increasingly searching for bargains, negatively impacting its revenue outlook. Major retailers like Walmart and Target are focusing on keeping prices low amidst inflation, with Walmart expected to see its slowest revenue growth in nearly two years. This trend reflects a shift in consumer behavior towards discount shopping, as highlighted by Amazon's forecast of subdued sales for the upcoming quarter.
Source: YAHOO