Walmart is reportedly cutting jobs to lower costs
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The sheer scale of Walmart's U.S. business - $442 billion in net sales last year, following a surge since the pandemic - gives it more negotiating power with suppliers. Record memberships at Sam's Club and booming sales in India and China have also insulated it from recent weakness in the U.S. economy.
Walmart reported their fiscal Q1 ’26 earnings results last Thursday morning, May 15th, 2025 and while actual EPS beat consensus by 5%.
Amazon this week claimed that is prices were remaining steady, but the news about President Donald Trump's tariffs and the economic fallout isn't getting any rosier: Just this week, Subaru announced that prices on certain models were getting hiked soon.
President Donald Trump's tariffs are widening the gap between market-leader Walmart and Target, the companies' latest quarterly reports show, underscoring missteps at the smaller U.S. retailer amid economic uncertainty.
Walmart has significant China exposure -- about 60% of the manufactured products it sells -- but its reputation for "everyday low prices," economies of scale, and strength in groceries make it more resilient in a trade war or a down economy than most of its retail peers.
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Economist Peter Schiff is once again calling out President Donald Trump’s logic on trade and tariffs, arguing that the economic logic behind this stance does not hold up. What Happened: On Saturday, Schiff posted on X in response to
Walmart is planning to eliminate nearly 1,500 jobs in a restructuring effort designed to cut expenses and to speed decision-making, according to a report from the Wall Street Journal. A notice sent to Walmart’s U.