Americans are reeling from a cost-of-living crisis that’s squeezing even the biggest earners in the country. John Furner, the CEO of Walmart, says that even wealthier shoppers are going to the budget grocery chain as high prices stretch family finances to a breaking point.
“We do continue to see the higher-income customers coming to Walmart,” Furner told reporters during the retailer’s annual shareholders’ week in Bentonville, Arkansas, last week. “We’re meeting more of them, they’re buying more, they’re coming more frequently.”
