Walmart leans into grocery as customers cope with inflation
April 4, 2023
Americans have shifted purchases away from discretionary items to everyday staples. This has increased Walmart’s focus on groceries and other non-discretionary categories. “If customers want more of something and less of something else, we shift our inventory,” said Walmart CEO Doug McMillon. “If the economy is strong, our customers have more money and that’s great. If things are tougher, they come to us for value.”
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