AssetID: 55933291
Headline: UNCAPTIONED: Walmart Sales Slow as US Shoppers Cut Back on Spending
Caption: Walmart Sales Slow as US Shoppers Cut Back on Spending. Walmart reported its slowest sales growth in more than six years, signaling growing pressure on American consumers. Comparable sales rose just 2.6% from May through July, excluding fuel, as shoppers became more cautious. The retailer blamed higher petrol prices, saying customers had less money available for everyday spending. Lower-income households, a key part of Walmart's customer base, have increasingly focused spending on essential goods. To attract shoppers, Walmart plans to use nearly $3 billion in tariff refunds to reduce prices. The retailer has already introduced thousands of price rollbacks across groceries, toys and other everyday categories. However, lower prices could squeeze profit margins while Walmart invests heavily in automation, warehouses and technology. Executives said membership and advertising businesses could help support income growth despite weaker consumer spending. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Current Affairs and Politics,Walmart,US shoppers,consumer spending,sales growth,American consumers,petrol prices,lower-income households,essential goods,tariff refunds,price rollbacks,profit margins,automation,retail sales
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