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“Roughly 40% of our cost of goods sold are sourced outside of the U.S., and that includes both direct imports and national brands through our vendor partners,” Sink said on the call, per Yahoo.
Americans may have to kiss goodbye to Walmart’s ‘everyday low prices’ if President-elect Donald Trump’s proposed tariffs take effect, warns CFO William Koblensky Varela December 5, 2024 at ...
A Walmart spokesperson told Fortune that any price changes are speculative at this point, but future tariff-induced cost increases would be an additional burden to already price-sensitive shoppers.
For example, the price of a pack of 16 Huggies baby wipes fell to 99 cents from $1.19 and roasted nuts from the Good & Gather brand now cost $5.29 from $6.89, according to a press release.
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Walmart also said it would lower costs of 7,000 items, a 45% increase in price rollbacks. ... These price cuts come after persistent inflation raised the cost of groceries 1.1% year over year as ...