FAYETTEVILLE, Ark. — Walmart CEO Doug McMillon says the retail giant is closely watching its core shopper while working on ways to lower its costs and navigate 40-year-high inflation.
The largest U.S. retailer is asking its suppliers what they can do to alleviate price increases, particularly in its grocery aisles where McMillon said Walmart continues to gain market share. Walmart has had the largest grocery market share in Dallas-Fort Worth for years and has gained share since the pandemic started.
“We’re watching the most value-conscious shopper and how they’re behaving and what they need from us to put food on the table,” McMillon said.
