S. Wal Mart, I warn the largest retail stores in the world that it is not fortified of the president’s prices Donald Trump. Company plans Price increase From some elements, since Trade war The global Trump raises the company’s costs.
“We will do our best to maintain our prices as low as possible, but given the volume of customs tariffs, even with the announcement of low levels this week, we will not be able to absorb all pressure, given the fact of narrow retail margins,” Dog McMelon, CEO of Wall Mart, told analysts in the field of results.
Walmart sent many data prepared by executives before the conference remotely.
The company said that the price increases will start at the end of this month.
“I am concerned that the consumer begins to see higher prices,” said John David Rene, Wal -Mart manager. interview To CNBC on Thursday.
Many companies have increased prices to reduce the costs caused by global rates of 10 % on all products that enter the United States and the highest taxes on Chinese products.
Washington and Beijing have reached an agreement to reduce these prices this week, but the United States still imposes 30 % fees on most products from China.
Walmart sales in open stores grew 4.5 % before the last quarter, driven by their work with supermarkets. Wall Mart said that growth was positive among high -income families, while maintaining their strength among the richest customers.
Wal -Mart shares increased by 2 % during negotiation before the market.
