The same forces shaping choices that Americans make about where they shop for food and what they eat are forcing Walmart to cut prices and clear huge inventories of things that customers clamored for during the pandemic.
FILE - A woman wheels a cart with her purchases out of a Walmart, on Nov. 18, 2020, in Derry, N.H. Walmart Inc. on Tuesday, Aug. 16, 2022, reported fiscal second-quarter net income of $5.15 billion. The Bentonville, Arkansas-based company said it had profit of $1.88 per share. Earnings, adjusted for non-recurring gains, were $1.77 per share.
And the same forces shaping choices that Americans make about where they shop for food and what they eat are forcing Walmart to cut prices and clear huge inventories of things that customers clamored for during the pandemic; TVs, casual clothing, sporting goods and a host of other items not considered essential.
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