Walmart had a strong holiday shopping season, but the year ahead will be more challenging for America’s largest retailer. Walmart\n \n forecast slower sales and profit growth, disappointing investors and sending its stock down during morning trading Tuesday. However, Walmart notched an 8.
on Tuesday also said it will spend $1 billion this year to raise wages and other compensation.) Walmart’s raise will impact profit, squeezing margins at the same time as its core lower-income shoppers continue to be hit by inflation, which could dent its sales this year. “The consumer is still very pressured,” Walmart CFO John Rainey told CNBC. “And if you look at economic indicators, balance sheets are running thinner and savings rates are declining relative to previous periods.
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I have cut way back on Walmart. The gas I save shopping the little stores in my area far outweigh what I may or may not have saved at Walmart. Stuff they don’t have I do without or order elsewhere.
If they keep the prices low, there won’t be inflation!
SeanFlan45 I don't shop there anymore. Not even the neighborhood markets. They insist that I use self checkout. I'm just disgusted with that and I refuse to do it.
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