News

Walmart chases new and younger customers as tariffs rattle shoppers
Walmart is trying to gain new customers despite economic worries, as Chief Financial Officer John David Rainey told reporters ...
Hunting for big game: Trump tariff inflation
The Consumer Price Index (CPI) for April rose by a seasonally adjusted 0.2%. The tame jump put the 12-month inflation rate at ...
Yahoo27d
Trump Had Yet Another Meltdown After Walmart Announced Price Hikes Due To His Own Tariffs
Walmart’s chief financial officer John David Rainey told CNBC in an interview published Thursday that Trump’s levies against China are “still too high,” even after the administration ...
Hosted on MSN27d
Walmart’s warning of higher prices puts spotlight on ‘RIM accounting’ practice favored by big retailers
On its latest earnings call, CEO Doug McMillon and CFO John David Rainey warned that the company cannot absorb all the cost increases resulting from President Trump’s tariffs, even after some ...
Hosted on MSN23d
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
As the battle for e-commerce dominance wages on, Walmart CFO John David Rainey says the company has the tools to edge out competitors. The Arkansas-based retail giant has seen more frequent ...