Analyst: Rocky 2023 for US Retailers Due to Inflation

Don Ma
By Don Ma
February 22, 2023NTD Businessshare

Walmart is forecasting slower sales and profit growth this year due to inflation. This comes after the retail giant’s recent announcement that it will raise its minimum wage from $12 to $14 an hour amid a tight labor market.

NTD spoke to Sarah Wyeth, Consumer & Retail Sector Lead at S&P Global Ratings, for her take on the outlook for U.S. retailers this year.

ntd newsletter icon
Sign up for NTD Daily
What you need to know, summarized in one email.
Stay informed with accurate news you can trust.
By registering for the newsletter, you agree to the Privacy Policy.