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Walmart CEO Says Shoppers Feel Price Pressure
Walmart's chief executive stated that customers are experiencing higher costs. The retailer reported results amid ongoing inflation concerns.
May 22, 8:00 AM·1m read1 source
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Walmart's chief executive said shoppers are feeling the effects of higher prices. The company released its latest earnings report this week. Officials noted that some customers are shifting toward lower-cost items.
Sales increased in the most recent quarter.
The retailer said grocery and general merchandise categories contributed to the growth.
Executives described changes in purchasing patterns.
Shoppers are buying more private-label products, according to the company statement.
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