Walmart CEO says consumers may not be as resilient next year, even as deflation starts to show
Publishing timestamp: 2023-12-06 11:59:59
Summary
Walmart CEO Doug McMillon discusses the challenges of predicting consumer spending for the next year due to rising credit card balances and dwindling household bank accounts. He also mentions the impact of deflation on prices of general merchandise items and the need for retailers to drive more volume. Despite these challenges, Walmart remains confident in its ability to drive growth.
Sentiment: MIXED
Keywords: deflation, economy, breaking news: business, macy's inc, u.s. economy, target corp, retail industry, walmart inc, business, breaking news: economy, business news,
Source: https://www.cnbc.com/2023/12/06/walmart-ceo-doug-mcmillon-talks-about-deflation.html