Friday, April 5, 2019

Walmart CEO: The American consumer ‘is in pretty good shape’ right now

Walmart CEO Doug McMillon hasn’t noticed American consumers pulling back on spending to start this year, despite some fear that’s been the case amid a tariff tiff with China and some Americans receiving fewer dollars back in tax refunds in 2019.

“I don’t know that I can call the whole year,” the CEO of the world’s largest retailer told CNBC’s Courtney Reagan Thursday afternoon from the Global Retailing Conference in Tuscon, Arizona. “I think ... the consumer is in pretty good shape. I think the customer is in about the same shape they were in [the fourth quarter].” . . . more