Walmart to Return $2.9 Billion Tariff Refund to Shoppers Through Price Cuts
Walmart announced it will use a $2.9 billion tariff refund to lower grocery prices for shoppers. The company pledges to pass the savings directly to consumers.
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Walmart pledges to use US tariff refund to cut grocery prices
Largest US retailer goes on the offensive after raising sales and profit outlook
Read full article →Walmart's $2.9 billion tariff refund is headed back to shoppers
A customer shops at a Walmart store in Toronto in July. Zou Zheng/Xinhua via Getty Images Walmart said it has been cutting prices thanks to a $2.9 billion tariff refund. "Customers are feeling some pressure, so we're proud of our investments," CEO John Furner said. US store sales growth slowed during the quarter as more spending moved online. Walmart shoppers are getting lower prices as the retail giant invests its $2.9 billion tariff refund. The company said Thursday it was fulfilling the ...
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