Walmart sounded alarms Monday when it slashed its quarterly and full-year revenue forecasts — a warning that so rattled Wall Avenue, the retailer’s inventory went right into a nosedive.
Family spending has been resilient even within the face of different financial challenges — together with scrambled power markets, provide chain bottlenecks and decades-high inflation, amongst others. As a result of customers energy greater than two-thirds of the economic system, that willingness to spend has been held up as a key counterpoint to sentiments that the nation is barreling towards recession.
