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The Latest Breaking News from John David Rainey

Costco CFO warns Trump’s tariffs could mean widespread price hikes: ‘When it rains, it rains on everybody’

Gary Millerchip became the latest retail executive to admit costs will rise across retail should Trump carry out heavy taxes on imports.

Fortune

After Mexico, Canada Also Weighs Retaliation Over Trump's Threatened 25% Tariff on Imports

Canada weighs counter-tariffs in response to Trump's plan, which could disrupt trade, harm both economies, and escalate tensions over immigration policies.

Latin Times

Some Of The U.S.'s Favorite Foods And Beers Are At Risk Of Soaring Prices As Tariff War With Mexico Looms

Avocados and strawberries, and beers like Corona and Modelo could see significant price increases should Trump make good on his promise of imposing a 25% tariff on Mexican exports.

International Business Times

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Some Of The U.S.'s Favorite Foods and Beers Are At Risk of Soaring Prices As Tariff War With Mexico Looms

Avocados and strawberries, and beers like Corona and Modelo could see significant price increases should Trump make good on his promise of imposing a 25% tariff on Mexican exports

Latin Times

Walmart Alerts Shoppers: Expect Price Hikes If Trump's $3 Trillion Tariff Plan Takes Effect

Walmart highlighted during its recent Q3 earnings call that it could raise prices on several of its products if Trump's plan to raise tariffs by 10% on all US imports is implemented during his second term.

International Business Times UK

Walmart just leveled with Americans: China won’t be paying for Trump’s tariffs, in all likelihood you will

Trump promised voters tariffs are a panacea for the economy, but Walmart finance chief John David Rainey warned they will be inflationary for customers.

Fortune

Walmart's automation boom means lower delivery costs and better careers, says CFO

Some of the retailer's physically demanding jobs are evolving, John David Rainey told Fortune.

Fortune

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Walmart exec warns customers Trump's tariffs could mean higher prices

“Our model is everyday low prices,” CFO John David Rainey said. “But there probably will be cases where prices will go up for consumers.”

Fortune

Walmart has mastered the dupe, sending the wealthy flocking to its stores

The company said about 75% of its gains this quarter came from customers making more than $100,000 per year.

Fortune

Walmart warns it will have to raise prices if Trump’s tariffs are enacted

Trump claimed tariffs are the ‘greatest thing ever invented’

The Independent UK

Many Walmart Shoppers Willing To Pay Extra For Faster Delivery

The added delivery cost has the retail giant's e-commerce business 'very close to profitability,' Chief Financial Officer John David Rainey said.

International Business Times

Walmart Reports Strong Sales, Expects Continued Growth

Shoppers are 'focused on price and value,' and put off purchases until spotting good deals, Chief Financial Officer John David Rainey said.

International Business Times

Walmart: Tariffs likely to raise prices

The retailer is the latest company addressing how Trump's proposal could affect consumers

Salon

Walmart's shopper surge last quarter should boost retailer's profits for the rest of the year

On its latest earnings call, Walmart beat expectations and raised its guidance for the rest of the year.

Fortune

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Fortune

Walmart is becoming the new Amazon as customers make smaller, but frequent purchases: 'That’s a trend that's not going to reverse,' CFO says

CFO John David Rainey said Wednesday that Walmart+ customers, on average, spend twice as much on online orders as the retailer’s other shoppers.

Fortune

Should a CFO switch industries? For these Fortune 500 finance chiefs, a new sector provided a career boost

Most CFOs have more options than they think, according to an expert.

International Business Times

Walmart Profits Rise On Strong Sales From Wealthier Shoppers

Walmart reported higher profits Thursday behind solid gains at US stores as the retail giant pointed to increased purchases by wealthier shoppers and improving e-commerce sales.

Fortune

Walmart customers behaving so strangely it's making bosses ‘sit up in their chairs’

Walmart CFO John David Rainey said the spending for the last two weeks of October was particularly "puzzling" when compared to prior months.

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Fortune

Walmart's CFO says 3 economic factors could be squeezing consumer spending

Walmart reported a strong quarter. But in late October, shoppers slowed purchases, in contrast to spending patterns earlier in the quarter.

Fortune

Just 8% of CFOs strongly believe a recession is coming in the next six months

Companies in the U.S. are shifting from defense to offense, according to PwC.

Fortune

Walmart keeps gaining high-end customers. And the CFO explains why

For the quarter, Walmart's total revenue grew by 5.7% to $161.6 billion, and operation income grew 6.7%.

Tribune News Service

Walmart bets on warehouse robots, dangles profit potential

Walmart Inc. is betting on greater supply-chain automation and hinting that a recent investment binge might lift profit beyond the retailer’s stated long-term goals.

Tribune News Service

Walmart tops estimates but issues cautious annual outlook

Walmart Inc. turned in another blowout quarter as more shoppers sought out its low prices, but the retailer offered a cautious outlook for the current fiscal year because of rising economic uncertainty.

Al Jazeera

Walmart earnings boosted as discounts draw inflation-hit shoppers

The mega-retailer’s inventory grew by 25 percent at the end of the second quarter from a year earlier to $59.9bn.

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