Walmart is seeing a bifurcation in how its various consumers shop its stores as inflation takes its grip on wallets, explains CFO Brett Biggs.
The trend ranges from upper income households still buying name brand merchandise at higher prices, to lower income shoppers trading to cheaper private label products.
“We’re seeing everything that’s going on in the United States right now,” Biggs told Yahoo Finance in an interview.
The comments come as Walmart had a surprising earnings shortfall for the…
Source link
