Ramirez: Walmart isn't necessarily safe from tariff impacts

Tariff Impact & Inflation - Some retailers anticipate significant tariff impacts, such as Estee Lauder's projected $100 million impact [1] - Walmart also expects to experience some tariff impact in the second half of the year [2] - Price increases are emerging, prompting interest in consumer shopping behavior, especially in grocery, amid tariffs and inflation [3] Competitive Landscape - Target's challenges are perceived by some as an opportunity for Walmart [4] - Walmart has been gaining market share for approximately a year and a half [5] - Walmart benefits from its grocery anchor as consumers pull back on discretionary spending [6] - Walmart is evolving its discretionary categories, including beauty and apparel, improving merchandising and store formats [7][8] Grocery Business & Omni-Channel Strategy - Amazon's potential expansion into the grocery business is a topic of discussion [9] - Walmart's evolved omni-channel strategy and quick store operations provide an advantage against Amazon [10][11] - At this point, Amazon is not considered a significant threat to Walmart's grocery operations [12][13]