Walmart CEO calls for stimulus, a likely holiday spending boost - Business Insider

"If you have been let go and don't have income, you really need help," McMillon continued. "The voice we have at Walmart is to say to Congress and the administration we need you to help those people who need help."

Walmart stands to benefit from people having more money in their wallet going into the holidays. Another round of stimulus checks or enhanced unemployment benefits "should help most retailers," UBS said in a report last week. according to a Federal Reserve Bank of New York study, restaurants and retailers saw sales rise due to the original stimulus package. Countless public companies, including Walmart, Target, and Dollar General, have mentioned stimulus in recent earnings calls.

"In terms of the overall benefit from stimulus, hard to quantify, but ... when customers have more money in their pocket, there's some benefit to that,"The biggest stories in fast food, shopping, and more. Sign up for Insider Retail.By clicking ‘Sign up’, you agree to receive marketing emails from Business Insider as well as other partner offers and accept our

Don’t over spend, why you give them all your money? $10 limit on gifts, screw the profit hungry Big Box 👊🏼

Sounds good and then shutdown Walmart and let the mom and pop stores have their turn. These corporations don’t even hide their greed anymore.

That’s some cojones pal.... aren’t you a billionaire or something. You fools get enough of our 💰

PaulSorrentino3

Corporate socialism should end.

Since Walmart sure as hell isn’t paying their people a living wage...

CEO can join us plebs who've been asking for months. Senate pushed the SCOTUS appointment through and went home.

yea, walmart is my 'weed dealer' 🥴☠️

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