Economic

Wal-Mart CEO Bill Simon expects inflation

“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.'”

Source: Wal-Mart CEO Bill Simon expects inflation – USATODAY.com

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