Affluent consumers are creating a ‘bubble’ at Walmart, warns retailer’s former U.S. CEO Bill Simon

May 17, 2024

in Economy

Reading Time: 2 mins read

Higher-income consumers may be creating a frothy situation at Walmart.

Even though affluent shoppers helped drive the retailer’s latest beat on quarterly results, former Walmart U.S. CEO Bill Simon warns they’ll be hard to keep.

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Affluent consumers are creating a ‘bubble’ at Walmart, warns retailer’s former U.S. CEO Bill Simon

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China pledges more financial support for ‘whitelist’ real estate projects

The solid-state batteries hype is fading – prompting auto giants to consider alternatives

Asian semiconductor stocks rise after shares of AI chip darling Nvidia hit a record high

Delta pauses hot meal service on dozens of Detroit flights citing ‘food safety issue’ at caterer

Billionaire founder of Raising Cane’s Chicken Fingers: One ‘stupid’ strategy nearly cost me my business

Chinese finance minister hints at increasing the deficit at highly anticipated briefing

Elon Musk hypes $30,000 Tesla self-driving Cybercab and larger Robovan at robotaxi event

Tributes pour in for Ratan Tata from industry titans and politicians

Boeing withdraws contract offer after talks with union end without a deal

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Affluent consumers are creating a ‘bubble’ at Walmart, warns retailer’s former U.S. CEO Bill Simon

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