Walmart Is Trying to Keep Grocery Prices Down By Doing This
Walmart pledged to keep certain products lower once the season began and people returned to stores last summer.
America's largest retail business says it will keep its word again months after inflation hit a 30-year high.
Walmart's CFO, Brett Biggs, told CNBC that research shows shoppers are worried about rising pricing, which is true. Biggs said in a recent
earnings call that they are attempting to keep costs low but have had to boost some pricing due to inflation. Walmart is keeping the
number of Rollbacks and deals inside shops the same as last year to keep customers shopping.
"Even though you may get costs being passed along in one part of the basket, you may be able to do some things in the other part of the basket
Walmart CEO Doug McMillion said the business is also talking to larger competitors that raised pricing due to increasing salaries and
manufacturing costs. He told CNBC, "The amount of communication between us and suppliers is always high." "It's particularly high right now."
Walmart seeks to prove its low-price leadership by selling other things. Meat is being secured, but the sale's items are unknown.
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