U.S. consumers face "serious" inflation in the months ahead for clothing, food and other products, the head of Walmart's U.S. operations warned speaking to USA Today.“We're seeing cost increases starting to come through at a pretty rapid rate."
Simon said that as the country’s largest retailer, Walmart must get back to its roots as the lowest priced one-stop shop for its customers.
“We’re in a position to use scale to hold prices lower longer, even in an inflationary environment. We will have the lowest prices in the market,” he said.
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