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%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

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.'

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

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...

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 12. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

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.
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »

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.'
Källa: CNBC - 🏆 12. / 72 Läs mer »