Business Insider
Business Insider
US · 3 mins ago

Walmart's $2.9 billion tariff refund is headed back to shoppers

A customer shops at a Walmart store in Toronto in July. Zou Zheng/Xinhua via Getty Images Walmart said it has been cutting prices thanks to a $2.9 billion tariff refund. "Customers are feeling some pressure, so we're proud of our investments," CEO John Furner said. US store sales growth slowed during the quarter as more spending moved online. Walmart shoppers are getting lower prices as the retail giant invests its $2.9 billion tariff refund. The company said Thursday it was fulfilling the…
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