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.'”