Employee Discount
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Walmart expands grocery discount for 1.6 million employees as tariffs renew inflation concerns
CNBCยท 2025-08-13 16:46
Core Points - Walmart is expanding its employee discount to 10% on nearly all groceries, responding to employee feedback and rising tariff concerns [1][2][3] - The discount will now apply to 95% of regularly priced items, effective immediately for approximately 1.6 million U.S. employees after their first 90 days [2][3] - The move aims to motivate employees to shop at Walmart, potentially boosting sales and aiding in employee retention [4] Economic Context - Rising tariffs are causing concerns about higher prices, although the consumer price index showed food prices remained flat recently [3] - Walmart's CFO indicated that the company is facing significant price increases that are challenging to absorb [4] - The company's latest earnings report is scheduled for August 21, which may provide further insights into the impact of these changes [5]