Walmart's Former American CEO Bill Simon Thinks Retailer Can Easily Absorb Tariff Costs, Criticizes the Comment 'Doom and Gloom'

Former Walmart CEO Suggests Company Could Absorb Tariff Impacts

Walmart expanded profit margins and could likely absorb any tariff impacts, former Walmart CEO Bill Simon seemed to suggest as polling shows that some U.S. consumers -- particularly swing voters -- are worried companies will use tariffs as an excuse to rip off consumers.  The post Former Walmart CEO Suggests Company Could Absorb Tariff Impacts, But Will Likely Raise Prices, Blame Tariffs appeared first on Breitbart.

Walmart’s former U.S. CEO Bill Simon thinks retailer can easily absorb tariff costs, criticizes its ‘doom and gloom’ commentary

Walmart‘s business is strong enough to withstand tariff headwinds without increasing its prices, according to the discount retailer’s former U.S. CEO. Bill Simon, who ran Walmart U.S. from 2010 to 2014, suggests the company may be overstating challenges tied to tariffs. “If you look down deep and dig into the details of their earnings release today, you know this quarter they grew their gross profit margin in the U.S. business 25 basis points. S…

Walmart's former American CEO Bill Simon thinks Retailer can easily absorb tariff costs, criticizes the comment 'Doom and Gloom'

WalmartThe company is strong enough to resist the headwind of the rate without increasing prices, according to the former US CEO of the discount retailer. Bill Simon, who Runde Walmart us from 2010 to 2014, suggests that the company can exaggerate the challenges that are linked to rates. “If you look deep down and look […]