Business
Walmart customers don’t expect a speedy economic recovery, top executive says – CNBC
Walmart’s sales have risen during the pandemic, but its chief customer officer said many customers are nervous and financially strapped.
Walmart Chief Customer Officer Janey Whiteside said Tuesday that many of its shoppers don’t expect the economy to quickly bounce back from the pandemic.
Almost half of customers surveyed in November told Walmart that they were worried about the current health of the economy, she said when speaking at the virtual National Retail Federation conference. She said 40% said they didn’t expect “any kind of speedy recovery.”
“Our core Walmart customer is absolutely not immune to the economic slowdown, in…
