Walmart CEO Doug McMillon says customers are exhibiting 'stressed behaviors'—and it's already tanked the company's valuation by $22 billion

https://fortune.com/2025/03/26/walmart-ceo-doug-mcmillon-customers-stressed-valuation-stock-drops/

70 points · 12 comments · view on lemmy.world

12 Comments

Seleni@lemmy.world · 33 pts · 1y (1 reply)

Walmart, the company that refuses to pay a living wage and has their employees sign up for food stamps? Walmart, the company that runs other businesses out of town?

That Walmart?

gamer@lemm.ee · 24 pts · 1y

And the Walmart whose founders funded the Heritage Foundation

Maeve@kbin.earth · 14 pts · 1y

Oh no. Anyway...

homesweethomeMrL@lemmy.world · 13 pts · 1y

Walmart CEO Doug McMillon had also warned about consumer confidence during a Feb. 27 talk at the Economic Club of Chicago. He noted that “budget-pressured” customers were reducing their spending and showing “stressed behaviors.”

“You can see that the money runs out before the month is gone, you can see that people are buying smaller pack sizes at the end of the month,” McMillon said.

Walmart declined Fortune’s request for comment.

Gee i wonder why they didn’t wanna comment on the economy nosediving in the last three months.

BigMacHole@lemm.ee · 11 pts · 1y (2 replies)

Have they tried Raising Prices while Lowering Food Quantity?

tfm@europe.pub · 2 pts · 1y

Who would have thought that while "inflation" doing shrinkflation would have been a good idea?

satans_methpipe@lemmy.world · 1 pts · 1y

How about quality? The cheddar cheese is fake at walshart near me. It's clearly a mix of real cheddar and plasti-cheese (vegetable oil, emulsifier, etc).

iamai@lemm.ee · 6 pts · 1y (3 replies)

Our greed is killing us.. 🎻

massacre@lemmy.world · 5 pts · 1y (2 replies)

"Our" greed? Please paint with a smaller brush...

iamai@lemm.ee · 2 pts · 1y (1 reply)

"Their"*, sorry about that I was coming from "their" perspective. You're right

massacre@lemmy.world · 1 pts · 1y

'sall good ...

Zoomboingding@lemmy.world · 4 pts · 1y

The cynicism in me is telling me stories like this will ultimately be the catalyst of change. Corporations have everything to lose if there's a collapse of society, so it's in their interest to--at the very least--keep things on the rails.