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Walmart CEO warns that lower-income households face mounting pressure amid inflation and tariff impact
Walmart’s CEO flagged growing strain on lower-income households, with shoppers cutting discretionary purchases amid inflation and tariff-related price pressures.
Walmart CEO Doug McMillon said lower-income shoppers are under rising financial stress due to inflation and tariff-driven price increases. He noted that while some consumers remain resilient, many are cutting back on discretionary spending and buying essentials selectively. The retailer sees shifting buying habits as households tighten budgets, which could weigh on demand for non-essential items and affect future retail performance.