Walmart said Thursday that tariff costs are rising “each week” and will keep climbing through the rest of 2025. CEO Doug McMillon told investors that while some prices increased, the retailer managed to keep others, like top back-to-school items, cheaper than last year.
President Trump’s sweeping tariffs on imports, including goods from China, remain a major pressure point for retailers. Walmart, which previously clashed with Trump over potential 145% tariff threats, now says costs continue to mount. “We’ve continued to see our costs increase each week,” McMillon said on an earnings call, noting the gradual rise has muted dramatic shifts in shopping behavior.
Walmart’s U.S. sales grew 4.6% in the latest quarter, with higher-income shoppers flocking to the chain. Home Depot reported a 1.4% sales gain but said economic uncertainty is causing customers to delay large projects. Executives at Lowe’s and TJX also described tariffs as creating “uncharted waters.” Retailers have avoided steeper price hikes by stockpiling goods and phasing in tariff-related increases.
Sources:
Discover more from News Facts Network
Subscribe to get the latest posts sent to your email.
