Walmart executives expressed concern regarding the financial health of U.S. consumers. Shoppers are shifting spending from discretionary goods to essential items.
Customers are becoming more selective due to the cumulative rise in everyday expenses. Walmart will expand its private-label offerings to provide lower-priced alternatives to national brands.
The company intends to use potential tariff refunds to further lower prices. This strategy aims to solidify market share among budget-conscious shoppers.