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Walmart Tumbles On Disappointing Guidance; Warns Low-Income Consumers Drowning, High Fuel Costs Will Hit Profit
“The high-income consumer is spending with confidence in many categories, whereas the low-income consumer, we can tell, is more budget-conscious, trying to navigate certain financial distress”
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nbcnews.com
Are consumers cracking under the weight of high prices? We’re about to find out.
Quarterly earnings from Home Depot, Lowe’s, Walmart and Target this week will offer one of the clearest reads yet on how U.S. consumers are holding up.
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marketplace.org
Will higher costs for retailers be passed on to consumers?
Energy and transportation are two areas where costs are rising for stores like Home Depot, Walmart, and Target, but raising prices could turn off an increasingly strapped consumer.
