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The Latest Breaking News from John David Rainey

Walmart worries Wall Street by yanking its economic expectations report amid tariff uncertainty

CFO argues company will emerge on other side of uncertainty ‘with greater share and a stronger business’

The Independent UK

Walmart CEO Doug McMillon is a rare beacon of confidence amid tariff woes—and sees a chance to grab market share

“Nothing about the current environment impacts our confidence in our business or our strategy,” McMillon said at the company’s investor day.

Fortune

Walmart CEO Doug McMillon says customers are exhibiting 'stressed behaviors'—and it's already tanked the company's valuation by $22 billion

The retailer’s stock dropped on the news that consumer confidence had hit a 12-year low.

Fortune

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Target CEO joins swarm of Fortune 500 retail executives warning of bigger bills as Trump’s tariff fallout hits the grocery aisle

Target shoppers can expect to see price increases on produce “over the next couple of days,” boss Brian Cornell said on Tuesday.

Fortune

Stock Market Today: Growth Concerns Drag on Stocks

Forward-looking commentary from a major retailer outweighed its backward-looking results as all three major equity indexes retreated on Thursday.

Kiplinger

Walmart stock tumbles on lower 2025 guidance given 'uncertain times' in the economy: 'We don't want to get out over our skis here'

Walmart’s stock has been on a tear over the last year.

Fortune

Walmart shares fall upon disappointing forecast, fueling US spending worries

World’s largest retailer expects inflation-weary consumers to pull back after shares hit record high of $105 last week

The Guardian - US

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Walmart is selling a $78 dupe of the Hermès Birkin bag that fans say is so realistic it makes the expensive one obsolete

The Kamugo leather handbag is just 1% of the price of the Birkin.

Fortune

Costco CFO warns Trump’s tariffs could mean widespread price hikes: ‘When it rains, it rains on everybody’

Gary Millerchip became the latest retail executive to admit costs will rise across retail should Trump carry out heavy taxes on imports.

Fortune

After Mexico, Canada Also Weighs Retaliation Over Trump's Threatened 25% Tariff on Imports

Canada weighs counter-tariffs in response to Trump's plan, which could disrupt trade, harm both economies, and escalate tensions over immigration policies.

Latin Times

Some Of The U.S.'s Favorite Foods And Beers Are At Risk Of Soaring Prices As Tariff War With Mexico Looms

Avocados and strawberries, and beers like Corona and Modelo could see significant price increases should Trump make good on his promise of imposing a 25% tariff on Mexican exports.

International Business Times

Some Of The U.S.'s Favorite Foods and Beers Are At Risk of Soaring Prices As Tariff War With Mexico Looms

Avocados and strawberries, and beers like Corona and Modelo could see significant price increases should Trump make good on his promise of imposing a 25% tariff on Mexican exports

Latin Times

Walmart Alerts Shoppers: Expect Price Hikes If Trump's $3 Trillion Tariff Plan Takes Effect

Walmart highlighted during its recent Q3 earnings call that it could raise prices on several of its products if Trump's plan to raise tariffs by 10% on all US imports is implemented during his second term.

International Business Times UK

Walmart just leveled with Americans: China won’t be paying for Trump’s tariffs, in all likelihood you will

Trump promised voters tariffs are a panacea for the economy, but Walmart finance chief John David Rainey warned they will be inflationary for customers.

Fortune

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Fortune

Walmart's automation boom means lower delivery costs and better careers, says CFO

Some of the retailer's physically demanding jobs are evolving, John David Rainey told Fortune.

Fortune

Walmart exec warns customers Trump's tariffs could mean higher prices

“Our model is everyday low prices,” CFO John David Rainey said. “But there probably will be cases where prices will go up for consumers.”

Fortune

Walmart has mastered the dupe, sending the wealthy flocking to its stores

The company said about 75% of its gains this quarter came from customers making more than $100,000 per year.

The Independent UK

Walmart warns it will have to raise prices if Trump’s tariffs are enacted

Trump claimed tariffs are the ‘greatest thing ever invented’

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International Business Times

Many Walmart Shoppers Willing To Pay Extra For Faster Delivery

The added delivery cost has the retail giant's e-commerce business 'very close to profitability,' Chief Financial Officer John David Rainey said.

International Business Times

Walmart Reports Strong Sales, Expects Continued Growth

Shoppers are 'focused on price and value,' and put off purchases until spotting good deals, Chief Financial Officer John David Rainey said.

Salon

Walmart: Tariffs likely to raise prices

The retailer is the latest company addressing how Trump's proposal could affect consumers

Fortune

Walmart's shopper surge last quarter should boost retailer's profits for the rest of the year

On its latest earnings call, Walmart beat expectations and raised its guidance for the rest of the year.

Fortune

Walmart is becoming the new Amazon as customers make smaller, but frequent purchases: 'That’s a trend that's not going to reverse,' CFO says

CFO John David Rainey said Wednesday that Walmart+ customers, on average, spend twice as much on online orders as the retailer’s other shoppers.

Fortune

Should a CFO switch industries? For these Fortune 500 finance chiefs, a new sector provided a career boost

Most CFOs have more options than they think, according to an expert.

International Business Times

Walmart Profits Rise On Strong Sales From Wealthier Shoppers

Walmart reported higher profits Thursday behind solid gains at US stores as the retail giant pointed to increased purchases by wealthier shoppers and improving e-commerce sales.

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