Walmart, Target and TJ Maxx reported increases in sales, but shoppers are seeking out low-price items and cutting back in some categories, a potentially worrying sign for the U.S. economy.
Category: Furner, John (1974- )
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Retailers Say Squeezed Shoppers Are Focused on Deals
The New York Times – Business: -
Walmart, Target and TJ Maxx Attract Shoppers Squeezed by Energy Prices
The New York Times – Business:The retailers reported increases in sales, even as higher fuel costs drove up the cost of everyday goods.
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Walmart Expects Growth Streak to Continue as New Chief Takes Over
The New York Times – Business:Shoppers are turning to Walmart to stretch their dollars, but an uncertain economy and trade tensions will test the retailer’s new executive team.
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Walmart C.E.O. Doug McMillon to Step Down
The chief of the company’s U.S. business, John Furner, will take over on Feb. 1.