As Deflation Starts to Show Walmart CEO Says Consumers May Not Be as Resilient Next Year

Walmart’s CEO flags alarming economic trends: rising credit card debts and dwindling household savings, hinting at a sharp decline in consumer spending. Deflation, particularly in merchandise, is exacerbating the situation. With prices dropping, retailers like Walmart face a grim challenge – even increased sales volumes may not offset the revenue losses from lower prices, foreshadowing a severe and widespread retail downturn.