Walmart Wins Over More Shoppers as Tariffs Push Prices Higher
Walmart is showing why it is such a formidable force in retail, posting rapid sales growth and raising its outlook at a time when shoppers are being squeezed by higher prices.
Some shoppers are pulling back on spending because of tariff-driven price increases, but Walmart is absorbing enough of the cost to keep its price hikes lower than the national average, the company said.
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Of the products Walmart sells in the U.S., about a third come from overseas. Because of tariffs, the company is raising prices on about 10% of the goods it imports, absorbing the rest of the elevated cost, Walmart Chief Financial Officer John David Rainey said in an interview.
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