Walmart CEO Doug McMillon had also warned about consumer confidence during a Feb. 27 talk at the Economic Club of Chicago. He noted that “budget-pressured” customers were reducing their spending and showing “stressed behaviors.”
“You can see that the money runs out before the month is gone, you can see that people are buying smaller pack sizes at the end of the month,” McMillon said.
Walmart declined Fortune’s request for comment.
Gee i wonder why they didn’t wanna comment on the economy nosediving in the last three months.