Walmart’s slashed profit outlook sends warning about state of the American consumer
- The big-box retailer said everyday necessities are eating up more of household budgets and leaving shoppers less money to spend on items they want, such as new clothing.
- The announcement raised concerns about shifting consumer behavior and whether inflation has brought pandemic-fueled shopping sprees to an end.
- Major retailers including Walmart and Macy’s are scheduled to report earnings in mid-August.
- https://www.cnbc.com/2022/07/26/walmarts-slashed-profit-outlook-sends-warning-about-state-of-the-american-consumer.html
