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Walmart’s U.S. CEO Says ‘Resilient’ American Shoppers Are Opening Their Wallets and Spending
John Furner, the CEO of Walmart U.S., said on a panel on Wednesday that American shoppers were “resilient.” Furner noted that shoppers were being selective but consistent in their purchases. The CEOs of JPMorgan Chase, Wells Fargo, and Citigroup each described the U.S. economy as strong this week.
Walmart's U.S. head said shoppers were spending at a healthy rate and were resilient despite economic uncertainty and inflationary prices due to President Donald Trump's tariffs, Bloomberg News reported on Wednesday.