News Formal

Market is overreacting to Macy's sales, says former Walmart CEO

  • 📰 CNBC
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 72%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Former Walmart CEO Bill Simon said that the drop in retail stocks on Macy's weak holiday sales is a 'huge overreaction.' He said that the consumer is still 'buoyant' and that retail is still 'very strong.'

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:

 /  🏆 12. in NG
 

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

Except for the consumers who are furloughed government employees, subcontractors or have to work without pay. Not a lot of buoyancy in those households.

I go to walmart in the town I was born in it is like a third world country. They have like 27 self checkout registers open with no cash for change in them and 2 regular registers open out of 24. took me 20 minutes to get the 90 cents the machine owed me. the shelves are empty....

Right...

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

How Doug McMillon went from a high schooler working at Walmart for $6.50 an hour to a millionaire CEO running one of the world's most powerful companiesWalmart CEO Doug McMillon was appointed chief executive of the retail giant in 2014.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Former Apple CEO: Health innovation may be the company's legacyFormer Apple CEO John Sculley said there is 'no reason why Apple can't be innovative in health.' He said that that we are at 'the very beginning of the indispensable role of health tech.'
Source: CNBC - 🏆 12. / 72 Read more »