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The Latest Breaking News from Doug McMillon

Walmart's Q2 Performance Hit By $450 Million In Liability Claims — Just 'Noise In Our Numbers,' Says CEO Doug McMillon

Retailer Walmart Inc. (NYSE:WMT) says its second-quarter results were hit by unexpected legal and liability-related issues to the tune of $450 million, weighing on the company’s performance.

Benzinga

Walmart Doubles Down On Discounts To Fight Tariff-Induced Inflation As Lower, Middle-Income Shoppers Adjust Spending Habits

Walmart Inc. (NYSE:WMT) is aggressively increasing discounts to combat rising costs from tariffs, as the retail giant sees middle and lower-income shoppers altering their spending habits in response to higher prices.

Benzinga

Walmart sees customers flocking to its stores to find deals amid high prices and tariff fears

Walmart said its tariff-related price increases were limited to 10 percent and the company was absorbing the rest of the costs

The Independent UK

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Walmart Stock Tumbles: CEO Warns Tariffs Are Raising Costs

Walmart, Inc. (NYSE:WMT) shares were trading lower Thursday after the company reported its first earnings miss in three years.

Benzinga

How Walmart’s CEO navigated tariffs to post a solid quarter: ‘We’re keeping our prices as low as we can for as long as we can’

Walmart has a three-pronged strategy to deal with tariffs, and is making sure shoppers aren’t the only ones taking a hit.

Fortune

Ikea's incoming CEO started his career as a store manager—he recalls working at 5 a.m. in the loading area and eating hotdogs with the founder

Juvencio Maeztu has climbed Ikea's ranks for decades, just like outgoing CEO Jesper Brodin and Walmart chief Doug McMillon.

Fortune

Walmart's Bold AI Overhaul Could Drive Efficiency, Margins And Market Edge

Walmart (NYSE:WMT) is revamping its artificial intelligence agent strategy to streamline the user experience. After building dozens of AI agents across various systems with separate interfaces, the company realized the fragmented setup was confusing for users.

Benzinga

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Walmart CEO started his career unloading trailers at the warehouse—he says raising his hand led to his success

Doug McMillon helped Walmart retain its top spot on the Fortune 500.

Fortune

Trump Tariffs: Will Walmart, Target and Nike Still Raise Prices in 2025?

Walmart and other major U.S. retailers were bracing for price hikes due to steep tariffs, but now that could change.

Kiplinger

Donald Trump Tells Walmart and Mattel to 'Eat the Tariffs' Amid Price Hike Warnings

President Trump is clashing with major companies like Walmart and Mattel, accusing them of falsely blaming tariffs for price increases and demanding they absorb the costs.

International Business Times UK

Treasury Secretary Acknowledges Cost of Tariffs: 'Some May Get Passed on to Consumers'

Treasury Secretary Scott Bessent admitted that some of the cost of Trump's tariffs "may get passed on to consumers."

Latin Times

Trump Treasury secretary admits Americans will pay ‘some’ tariff price hikes

Treasury official says he spoke with Walmart leadership after chain was targeted by Trump’s angry diatribe

The Independent UK

Scott Bessent says tariff uncertainty is a tactic — otherwise countries 'would play us in the negotiations'

"If we were to give too much certainty to the other countries, then they would play us in the negotiations," Bessent told CNN.

Fortune

US treasury secretary says Walmart will ‘eat some of the tariffs’ after Trump demand

Scott Bessent claims he received assurance in a personal call with company’s chief executive

The Guardian - US

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The Independent UK

Treasury secretary says Walmart's warnings on price increases are a 'worst-case scenario'

Treasury Secretary Scott Bessent is playing down inflation risks from the Trump administration’s tariffs

The Independent UK

Trump orders Walmart to ‘eat the tariffs’ and stop blaming his trade war for rising prices: ‘I’ll be watching’

President lashes out at world’s largest retailer despite claiming his tariffs are tax on foreign countries not U.S. consumers

Latin Times

Trump Tells Walmart to 'Eat the Tariffs' After Mega Chain Said It Would Raise Prices: 'I Will Be Watching and So Will Your Customers!'

Trump's demand that Walmart "eat the tariffs" sparked backlash as the retailer confirmed prices will rise due to new import taxes, putting added strain on working-class Americans.

Fortune

Walmart's CEO gets honest about Trump's tariff reality: Prices are still going up despite the China trade war pause

Doug McMillon admitted on Thursday that even reduced China tariffs are too much for the country's largest retailer to absorb.

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International Business Times

Walmart Warns Of Higher Prices Due To Tariffs

Walmart on Thursday reported another solid quarter behind sales gains in the United States, but warned of higher prices and continued uncertainty over President Donald Trump's tariffs.

Fortune

A serial entrepreneur, a musician, and Walmart’s CEO walk into an AI factory…

Eko, a startup that pivoted from video tech to product catalog image galleries, is building a new kind of factory.

Fortune

People feel so bad about the economy because of tariffs and inflation that consumer confidence sank to a 13-year low

President Donald Trump’s tariff policies have largely impacted how consumers feel about the economy.

Fortune

CEO of $65 billion software giant Workday's warning: 'There's nothing more dangerous than yesterday's success'

Other CEOs like Jeff Bezos and Doug McMillon don’t focus on past or future wins—only what will make them successful in the moment.

Fortune

Trump’s handling of tariffs and inflation nosedives his economic approval rating to the rock bottom of his entire presidential career

A survey of 1,000 Americans showed Trump with 43% approval and 55% disapproval.

Fortune

Walmart CEO says 'there will be a Christmas' despite lingering fears of a trade war

The retailer has not canceled any orders yet because of the tariff drama.

The Independent UK

Walmart worries Wall Street by yanking its economic expectations report amid tariff uncertainty

CFO argues company will emerge on other side of uncertainty ‘with greater share and a stronger business’

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