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Walmart’s Price War and Stock Dip | Durham News
Walmart just smashed Q2 earnings with a 6% revenue surge, but investors are jittery—why? Because the retail giant is doubling down on ultra-low prices, slashing costs on 11,000+ items to win back shoppers in a tough economy. CEO John Furner says customers need this strategy, even if it squeezes short-term profits. With inflation still biting and consumers tightening belts, Walmart’s massive scale lets them undercut rivals—and their online growth could turn price wars into long-term loyalty. It’s a risky move, but one that could pay off big if shoppers keep coming back for deals. Listen in…
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