Walmart’s 8% Plunge Highlights Sharp Falloff in Retail Sales as Many Consumers Struggle Amid Lingering Inflation and Jobless Claims Surge
Walmart ($WMT) experiences an 8% decline as CFO expresses concern over October trends, prompting a reevaluation of consumer health. The retail giant notes a significant sales drop in the last two weeks of October, and management remains cautious, acknowledging ongoing strain on consumers. Despite inflation easing towards 3%, the lingering impact is evident, compounding on …