How Inflation is Changing the Walmart Shopper
Surging grocery prices are bringing more mid- and high-income consumers to the value-focused retailer, while causing others to trade down; plus, sales of Walmart’s private label products are growing, executives revealed Tuesday.
Walmart to Reportedly Lay Off Hundreds of Corporate Workers
The move, first reported by the Wall Street Journal, comes little more than a week after the retail giant said the impacts of inflation were forcing it to lower its earnings guidance for the coming year.