Consumer companies fell as steady increases in energy prices raised concerns about inflation. To some degree, the market is trying to handicap how things like the student-loan holiday expiring,.
Walmart executives told investors on Wednesday that plans to increase profitability over the next few years include increasing automation in its stores and warehouses and creating a state-of-the-art supply chain network.
With Doug McMillon, Walmart’s 56-year-old CEO, planning to stay in the role, the company has more time to name a successor at a complex time for the retail industry.
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