Walmart (WMT.US) warns of "consumer rift": the pressure on the low-income customer base is increasing, and the crisis of payment ability is worsening.
Wisdom Financial App learned that Walmart (WMT.US) said that the gap between those who can afford daily necessities and those who cannot afford them is widening. Walmart's Chief Financial Officer John David Rainey said, "In recent months, the gap between low-income groups and high-income groups has slightly widened," "If we look at the wage growth data for October... this gap has reached the highest level in nearly a decade."
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