Walmart Flags Intensifying Affordability Pressures in U.S. Consumers

Walmart CEO Mike Todeschini said the affordability crisis in the U.S. is worsening, with inflation and tighter household budgets pushing more consumers toward low-cost retail options. Walmart continued to widen its market share lead over Target in Q3 as value-driven shoppers increased spending on groceries and essential categories. The company has been reinforcing supply chain efficiency and price competitiveness to maintain momentum amid persistent economic stress signals.