Walmart CEO issues stark warning for economy as dangerous trend continues – but with a bright side for his shoppers ...Middle East

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Walmart CEO issues stark warning for economy as dangerous trend continues – but with a bright side for his shoppers
CEO Doug McMillon has shared a shocking truth that will affect the company’s millions of shoppers. During Goldman Sachs’ Global Retailing Conference on September 12, Walmart CEO Doug McMillon announced that its previously low prices are a thing of the past. GettyWalmart has had to raise the price of food due to shoplifting and economic issues[/caption] GettyDoug McMillon, chief executive officer of Walmart confirmed that food prices will not get significantly lower[/caption] “Inflation and higher prices are kind of with us. We’ll see disinflation, but not all the way back to deflation … certainly not in the short term,” he said. The rate of inflation has caused food prices to

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