Walmart CFO says some prices might rise if Trump's tariffs take effect

[Yavin4]

“We never want to raise prices,” John David Rainey, the company’s CFO said in an interview with CNBC on Tuesday. “Our model is everyday low prices. But there probably will be cases where prices will go up for consumers.”

“Tariffs, though, are inflationary for customers, so we want to work with suppliers and with our own private brand assortment to try to bring down prices.”

https://thehill.com/business/4998684-walmart-trump-tariffs-prices/

In sum, WalMart will raise their prices next year.

[elleng]

1. 'some prices might rise' !!!

[Meowmee]

2. They have been raising prices

Since the pandemic. And quality has dropped. The same for many other stores. I used to shop a lot in places like Michael’s craft supplies and other saving type of stores. They used to have much better quality merchandise and it was less expensive. Now they are all stocked with a bunch of crap, which is also overpriced.

[3catwoman3]

3. The Walton heirs must need more money.

[Yavin4]

10. Gotta catch up to Musk. n/t

[SoFlaBro]

4. Brilliant fucking timing on the reporter covering this fuck shit.

[Mike 03]

6. Exactly. We're going to see and hear a lot of

"conversations" now that needed to happen in September and October.

[Demobrat]

5. Some prices might rise.

Is that like a little bit pregnant?

[MiHale]

7. FAFO...

Already been having ‘fun’ at my local Walmart with Red Caps… little snide remarks about how prices will increase with tariffs. Mostly say something to my wife in a loud enough voice to be overheard. Lots of other wives elbowing their hubbies. Don’t really know what it means…but.

[dalton99a]

8. "If you need something, buy it now"

Long live Dear Leader

[sinkingfeeling]

9. Yeah, especially if there's a 60% tariff on Chinese imports. That's about 80% of Walmart's crap.

[Yavin4]

11. And they'll raise prices on the remaining 20% as well.

Because...why the hell not?

[mdbl]

12. Since walmart was such a staunch trump supporter. they should eat the losses

instead of passing it on to their customers.

[LittleGirl]

13. Really? I thought it was because

Of the holidays? I won’t step foot in a Walmart anyway.

[Harker]

14. Omit "some" and "might" and you're closer to it. n/t