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2 days ago

Walmart CEO says lower-income shoppers showing 'signs of stress' as fuel costs squeeze household budgets

Walmart CEO John Furner said Wednesday that rising fuel costs are placing increasing pressure on consumers, with lower-income households showing growing signs of financial strain.Speaking to reporters during Walmart’s shareholder week in Bentonville, Arkansas, Furner said the retailer continues to attract higher-income shoppers, who are visiting stores more frequently and spending more. At the same time, Walmart is seeing evidence that lower-income customers are becoming more cautious with their spending."We do continue to see the higher-income customers coming to Walmart," Furner said. "We're...

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2 days ago
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