Walmart CEO Predicts Late Christmas
The chief executive of Walmart this week predicted a "late Christmas" in which consumers will continue to watch their spending, Reuters reported Monday.
CEO Mike Duke said he expects shoppers to be price-conscious this holiday season, and added that the company is prepared for the holidays. He added that the company does not expect any "significant increase" in margins over the long term.
Duke's comments came at the Goldman Sachs Global Retail Conference.