Wal-Mart gives a head up on serious inflation to come

Posted: April 1, 2011 in Corporate World, Finance

 

Look if you are not catching the drift by now, you are probably a brick wall.

Wal-Mart CEO Bill Simon expects inflation

By Jayne O’Donnell, USA TODAY

U.S. consumers face “serious” inflation in the months ahead for clothing, food and other products, the head of Wal-Mart’s U.S. operations warned Wednesday.

The world’s largest retailer is working with suppliers to minimize the effect of cost increases and believes its low-cost business model will position it better than its competitors.Still, inflation is “going to be serious,” Wal-Mart U.S. CEO Bill Simon said during a meeting with USA TODAY’s editorial board. “We’re seeing cost increases starting to come through at a pretty rapid rate.”

More here:

http://www.usatoday.com/money/industries/retail/2011-03-30-wal-mart-ceo-expects-inflation_N.htm

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