Walmart CEO: Inflation on toys, clothing and sports equipment is easing | CNN Business

  • 📰 CNN
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 95%

Business News News

Business Business Latest News,Business Business Headlines

Finally, shoppers are getting some good news about prices

“In toys, sporting goods, apparel, categories like that, prices have come down more aggressively,” McMillon said in an interview on CNBC. “We’re still inflated but we’re not inflated nearly as much as we are in the other categories.” Prices on toys were up 3.1% in October annually, according to the latest data from the Bureau of Labor Statistics. Sporting goods were up 3%, while apparel was up 4.1%. All three were below the 7% overall rate of inflation.

Walmart\n \n is the largest retailer in the United States and has a gauge into consumer habits and a wide array of products. McMillon said that inflation was “most stubborn” on packaged food. Double-digit price increases on these essentials “are going to be with us for a while,” he said. Customers were adjusting their grocery habits by switching from name brands to Walmart’s cheaper in-store brands, he said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

MohammadBroghani is a young protestor from Paakdasht, Iran who has been sentenced to death after the police searched his phone and social media to lie about a crime he did not commit.He has not harmed anyone and he does NOT deserve the death penalty. SayTheirNames MahsaAmini

Some international news sites are talking about the Iranian people winning the revolution because the Ershad patrol has stopped working.The work of Ershad Patrol has not been stopped and only its name has been changed. MahsaAmini

'we are easing our price gouging because sales are slumping' there, fixed it.

A protester from Noshahr in northern Iran, LoghmanAzadian, has been condemned to the death penalty. He has just voiced his opposition to this terrible government. He may be put to death at any moment. MahsaAmini SayTheirNames

AkbarGhafari was kidnapped after giving shelter to some protesters. He was kept in solidarity confinement and under pressure for days. He is illiterate but they made him sign a paper saying he killed an officer. Now his life is in danger MahsaAmini SayTheirNames

Today, the murderous Islamic Republic authorities moved SamanSeydi and two other protestors to death row cells. Please be our voice to stop the execution of innocent people. MahsaAmini SayTheirNames

SahandNoorMohammadzadeh,a bodybuilding champion,was arrested on Mehr 12, 1401. A few weeks later, in a court presided over by Judge Ali Mazloum, Sahand was charged with moharebeh for trying to tear down the street guardrail'.His life is in serious danger!!!! SayTheirNames

AkbarGhafari was kidnapped after giving shelter to some protesters. He was kept in solidarity confinement and under pressure for days. He is illiterate but they made him sign a paper saying he killed an officer. Now his life is in danger!!!! MahsaAmini SayTheirNames

SahandNoorMohammadzadeh,a bodybuilding champion,was arrested on Mehr 12, 1401. A few weeks later, in a court presided over by Judge Ali Mazloum, Sahand was charged with moharebeh for trying to tear down the street guardrail'.His life is in serious danger. SayTheirNames

Today, the criminal regime of the Islamic Republic has transferred SamanSeydi and two other protesters to cells for execution. Please be our voice to prevent the execution of innocents MahsaAmini SayTheirNames

MohammadGhobadloo, 22, is one of the Iranians who is charged by death penalty in the first court session without being able to have a lawyer. His neurological disorder that make tolerating prison harder. Also his family want us to BE HIS VOICE... MahsaAmini SayTheirNames

AkbarGhafari was kidnapped after giving shelter to some protesters. He was kept in solidarity confinement and under pressure for days. He is illiterate but they made him sign a paper saying he killed an officer. Now his life is in danger MahsaAmini SayTheirNames

SahandNoorMohammadzadeh,a bodybuilding champion,was arrested on Mehr 12, 1401. A few weeks later, in a court presided over by Judge Ali Mazloum, Sahand was charged with moharebeh for trying to tear down the street guardrail'.His life is in serious danger. SayTheirNames

Today, the criminal regime of the Islamic Republic has transferred SamanSeydi and two other protesters to cells for execution. Please be our voice to prevent the execution of innocents. MahsaAmini

MohammadGhobadloo, 22, is one of the Iranians who is charged by death penalty in the first court session without being able to have a lawyer. His neurological disorder that make tolerating prison harder. Also his family want us to BE HIS VOICE. MahsaAmini SayTheirNames

MohammadBroghani is a young protestor from Paakdasht, Iran who has been sentenced to death after the police searched his phone and social media to lie about a crime he did not commit.He has not harmed anyone and he does NOT deserve the death penalty. SayTheirNames MahsaAmini

LoghmanAzadian, a protestor from Noshahr in northern Iran has been sentenced to death penalty. He has done nothing but protest this murderous regime. He could be getting executed anytime now. SayTheirNames MahsaAmini

Today, the criminal regime of the Islamic Republic has transferred SamanSeydi and two other protesters to cells for execution. Please be our voice to prevent the execution of innocents. MahsaAmini

MohammadGhobadloo, 22, is one of the Iranians who is charged by death penalty in the first court session without being able to have a lawyer. His neurological disorder that make tolerating prison harder. Also his family want us to BE HIS VOICE. MahsaAmini SayTheirNames

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks slip as as markets continue to struggle this week from recession worriesJPMorgan Chase CEO Jamie Dimon joins CNBC's 'Squawk Box' to provide an outlook on the U.S. economy amid the Federal Reserve's moves to combat inflation and high inflation.
Source: CNBC - 🏆 12. / 72 Read more »