Walmart says tariff costs are rising 'each week' and will continue
2 days ago
- #retail
- #economy
- #tariffs
- Walmart reports rising tariff costs each week, expecting the trend to continue through the year.
- Retailers like Walmart, Home Depot, and Target have raised prices on some items while keeping others low.
- Walmart CEO Doug McMillon notes gradual cost increases, with muted customer behavior changes.
- Higher-income shoppers are increasingly turning to Walmart for deals.
- Home Depot sees smaller projects replacing major renovations due to economic uncertainty.
- Retailers avoid major price hikes by stockpiling goods and slower-than-expected tariff rollouts.
- TJX (parent of T.J.Maxx, Marshalls, HomeGoods) bought extra inventory to prepare for tariff impacts.