Walmart (NYSE: WMT) stock is traditionally seen as a safe investment during recessions. Heading into what could be a difficult holiday shopping season, Walmart seems to have inventory challenges that could harm profitability into 2023. Investors have mixed expectations for the business into early 2023.
Stifel Managing Director for Consumer & Retail sectors Mark Astrachan joins Yahoo Finance Live to discuss consumer spending, gas prices, retail hiring, and the outlook for holiday season.
Walmart (WMT) has unveiled plans to hire about 40,000 workers for the holiday season. The company is also undertaking price investments and offering new return options, among other initiatives.