US EditionWalmart Is Becoming America’s Tariff Security Blanket
Walmart's focus on groceries and scale helped increase same-store sales by 4.8%, gaining market share across income groups despite tariff-induced price rises.
- Walmart reported that sales at U.S. stores open at least a year rose 4.8%, gaining market share led by upper-income households on Thursday.
- This growth occurred despite rising costs from Trump administration tariffs, which Walmart's CEO Doug McMillon says increase weekly and pressure the company.
- Walmart uses its size and economies of scale to keep prices low, avoiding dramatic changes in customers’ behavior though competitors like Target face slumping sales.
- On Wednesday, Target announced a decline in sales for the third quarter in a row and revealed that CEO Brian Cornell will step down after 11 years, with COO Michael Fiddelke set to take over early next year.
- Walmart’s sales outlook rose despite missing profit forecasts and a 3% stock drop in pre-market trading, suggesting it remains strong amid inflation and tariff challenges.
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Do US consumers feel Donald Trump's tariffs due to higher prices in the supermarket? The industry giant Walmart complains about weekly rising costs.
Walmart is raising prices because of tariffs. Customers are still flocking to Walmart
Walmart is getting hit by tariffs, like every other business in America. But customers are still flocking to Walmart because they believe the retailer offers them the biggest bang for their buck.
·Atlanta, United States
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Coverage Details
Total News Sources18
Leaning Left5Leaning Right0Center7Last UpdatedBias Distribution58% Center
Bias Distribution
- 58% of the sources are Center
58% Center
L 42%
C 58%
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