Walmart Warns That Shoppers Are Feeling the Squeeze of Higher Prices

Walmart’s quarterly revenue of $164 billion was 7.3 percent higher than same period a year earlier. December was the best month for sales in history at Walmart’s U.S. stores, the company said. The results from Home Depot and Walmart suggested that the resilience of consumers may be starting to crack, as inflation and rising interest rates squeeze household budgets. Some key suppliers, like Procter & Gamble and Unilever, have said they would continue raising prices this year, forcing retailers like Walmart to choose between raising their own prices or seeing profit margins shrink. The post Walmart Warns That Shoppers Are Feeling the Squeeze of Higher Prices appeared first on New York Times.