Walmart Wants You to Know that Even with the Trade War Deescalation Higher Prices Are Inevitable

Walmart wants you to know that even with the trade war deescalation higher prices are inevitable

“We're wired to keep prices low, but there’s a limit to what we can bear, or any retailer for that matter,” Chief Financial Officer John David Rainey said.

Walmart helped keep America's prices low for decades. Now it's leading them higher

Walmart (WMT) has acted as a deflationary force in the U.S. economy for decades, using its massive scale and supply chain dominance — especially with low-cost Chinese manufacturing — to push prices down across retail. By demanding rock-bottom prices from suppliers and passing the savings on to consumers, it helped…Read more...

A rare warning from Walmart on trade war: Higher prices inevitable

NEW YORK — Walmart, which became the nation’s largest retailer by making low prices a priority, has found itself in a place it’s rarely been: Warning customers that prices will rise for goods ranging from bananas to car seats.