Anticonsumption

244 readers

1 users here now

founded 3 months ago

MODERATORS

Walmart CEO Doug McMillon says customers are exhibiting 'stressed behaviors'—and it's already tanked the company's valuation by $22 billion (fortune.com)

submitted 2 months ago by tfm@europe.pub to c/Anticonsumption@europe.pub

3 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] homesweethomeMrL@lemmy.world 1 points 2 months ago

Walmart CEO Doug McMillon had also warned about consumer confidence during a Feb. 27 talk at the Economic Club of Chicago. He noted that “budget-pressured” customers were reducing their spending and showing “stressed behaviors.”

“You can see that the money runs out before the month is gone, you can see that people are buying smaller pack sizes at the end of the month,” McMillon said.

Walmart declined Fortune’s request for comment.

Gee i wonder why they didn’t wanna comment on the economy nosediving in the last three months.