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.
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.
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:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Meta is launching a paid verification service | CNN BusinessMeta is testing a subscription service which will allow Instagram and Facebook users to pay to get verified, Mark Zuckerberg announced on Instagram Sunday. They sell your data and now they want people to pay for it? As they say, a sucker is born every minute. Mark has nothing original. Duplicates Apple, Snapchat and now Twitter. Get your own ideas Mark! I wonder where they got that idea from?
Source: CNN - 🏆 4. / 95 Read more »
London is handing out free meals for all primary school children | CNN BusinessLondon's mayor has announced an emergency program to provide free meals for all children attending state primary schools in the capital, adding to a string of fresh evidence that Brits are struggling to afford necessities. on this photo...might as well eat at home He don’t help by increasing Council tax and fleecing motorists. If government made bad decisions that caused inflation we as Americans have to make tough decisions monthly. Isn't it time Congress makes tough decisions and other people that work for the government Like 401k or healthcare ? Like pension or paid vacations ? $ for Ukrainel/?
Source: cnni - 🏆 326. / 59 Read more »
Meta is launching a pay-for-verification subscription service for Facebook and Instagram | CNN BusinessMeta is testing a subscription service which will allow Instagram and Facebook users to pay to get verified, Mark Zuckerberg announced on Instagram Sunday. The end is near. 💀 Wrong step $Pi and $Core would be a nice options too.
Source: CNN - 🏆 4. / 95 Read more »
A first generation iPhone fetches $63,000 at auction | CNN BusinessA first-generation 2007 iPhone sold for about $63,000 in an online auction Sunday, more than 100 times its originally cost. Dubbed a 'first-edition' device by auctioneer LGA Auctions, its box had never been opened. Should have just purchased stocks in 2007 instead I still have mine , it’s still working, have lots of pictures in it. FirstGenIphone
Source: CNN - 🏆 4. / 95 Read more »