Walmart price hike signals Trump's trade war is filtering through U.S. economy
Walmart's CEO warned Thursday morning that the world's biggest retailer will have to start raising prices later in May due to the high cost of tariffs. CBS News contributor J.D. Durkin joins "America Decides" with analysis from the New York Stock Exchange.
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Yahoo
an hour ago
- Yahoo
With Anxiety About Back-to-School Shopping on the Rise, the Number of Families Planning to Shop in June Nearly Doubles
TeacherLists Offers a Solution to Help Budget-Conscious Parents Shop for Back-to-School Supplies WRENTHAM, Mass., June 5, 2025 /PRNewswire/ -- Families across the country are preparing for back-to-school shopping, with overall spending expected to reach approximately $41 billion. Despite the high numbers, many parents feel more stressed than excited about the annual ritual. A recent TeacherLists survey found that 61% of parents associate back-to-school shopping with words like "financially challenging" and "stressful." While some still describe it as "fun" or at least "necessary," the emotional toll is growing. With ongoing economic uncertainty and concerns about rising prices and potential product shortages, many families are adjusting their shopping timelines. Experts predict an earlier-than-usual start to this year's shopping season to avoid last-minute price hikes and stock issues. In fact, TeacherLists' Preseason Parent Survey shows a significant shift: while July and August remain the most popular months, the number of families planning to shop in June has nearly doubled—from 11% to 20%. TeacherLists, a trusted go-to resource that frequently tops "Best Back-to-School Shopping Hacks" lists. TeacherLists transforms school supply lists into convenient, digital shoppable lists—accessible both online and in-store with major national and local retailers. It allows parents to: View the exact supplies requested by their child's school and teacher Compare prices and plan shopping Shop whenever and wherever it's convenient Confirm what's in stock Make incremental purchases over a period of time Best of all, TeacherLists is completely free for both families and schools. Schools and school districts can easily manage and share their supply lists, simplifying back-to-school shopping for their families. How to Use TeacherListsParents can visit and search by state or zip code to find their school's list. If a list isn't available yet, they can sign up to get a notification as soon as it goes live. For School and District LeadersTo streamline the supply list process and better support your school community, visit to learn more and get started. *Parent survey responses via TeacherLists Preseason Parent Survey, May 2025, 1,200 respondents self-identified as parents or guardians of K-12 students. About TeacherLists TeacherLists is the single national source of verified school supply lists. TeacherLists makes it easy for school administrators and teachers to enter, update, and share their supply lists. Busy families love the convenience of easily finding and shopping their child's classroom-specific lists. TeacherLists partners with major retailers, including Walmart, Target, Amazon, Staples, Office Depot, Office Supply, HEB, Meijer, Dollar Tree, Family Dollar, Dollar General, and Kroger, to offer shopping online, in-store, or both, giving families options to shop the way that works for them. School Family Media is changing how schools and families prepare for back-to-school. Our nationally recognized platforms, TeacherLists, EduKit, and PTO Today, simplify back-to-school for schools, teachers, volunteers, and especially parents. As a mission-driven company, our goal is to make life easier for school communities and help ensure students are prepared to learn. MEDIA CONTACT: Elizabeth Lamport elamport@ View original content to download multimedia: SOURCE TeacherLists Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Fast Company
an hour ago
- Fast Company
Trump's tariffs are making price increase photos from big box stores go viral
A growing genre of social media posts now tracks the rising costs of goods in real terms as President Donald Trump's tariffs hit some of the biggest retail stores in the U.S. On Reddit pages for stores like Walmart, Target, and Michaels, users have posted images of price tags like receipts, showing what Trump's tariffs have already cost consumers over the past several months. Price tags for a Jurassic Park-themed T. rex dinosaur toy at Walmart show the retail price jumping from a sale price of $20 up to $55. Elsewhere, a charging cable went from $9.99 to $17.99 and a sheet cake pan went from $24.99 to $39.99. The photos are in line with price increases Business Insider tracked using data from the third-party service AisleGopher. As a meme format, side-by-side images of price tags are simple and effective, communicating the idea of tariffs stoking inflation in an easy-to-grasp, visual way. They have the opposite effect of Walmart's old 1990s-era 'Rollback' campaign in which the big box store's smiley face mascot made products magically cheaper by bouncing from price tag to price tag. And unlike the fuzzy math of Trump's Reciprocal Tariffs board, the prop he used at his press conference to first announce his tariff regime, these tariff price tag posts communicate a message simply without needing any complicated math: prices are going up. Walmart reported it grew sales 4% in the most recent quarter, but its net income fell to $4.49 billion, same-store sales fell, and the company admits it won't be able to eat the cost of tariffs itself. CEO Doug McMillon argued Walmart was 'positioned to manage the cost pressure from tariffs as well or better than anyone.' While more than two-thirds of the products the retailer sells are made, assembled, or grown in the U.S., he said tariffs will pass on some inflated costs to consumers. 'We will do our best to keep our prices as low as possible, but given the magnitude of the tariffs, even at the reduced levels announced this week, we aren't able to absorb all the pressure given the reality of narrow retail margins,' McMillon said on Walmart's earnings call last month. Other companies including Best Buy, Costco, Mattel, Macy's, and Nike have said they already have or soon will raise some prices due to tariffs. Like 'I Did That' stickers of then-President Joe Biden at gas station pumps during Biden's term or egg price trackers under Trump, tariff price tag photos draw attention to cold, hard numbers. But sometimes the specific numbers matter less than the overall feeling. One post on the Target subreddit shows an end-cap display selling Crayola 10-pack markers mistakenly listed for $99 instead of 99 cents. The photo is jokingly labeled with the caption, 'Tariffs be like…,' but the months-old meme needs to be updated. According to the third-party service PriceTracker, Target hasn't sold those markers as cheap as 99 cents since 2024. They now cost $2.59.
Chicago Tribune
an hour ago
- Chicago Tribune
What to know about the much-anticipated Nintendo Switch 2 on launch day
NEW YORK — The Nintendo Switch 2 finally hit store shelves on Thursday, eight years after the initial release of Japanese video-game maker Nintendo's popular video game console. Even with a hefty $450 price tag, fans around the world, from Japan to the U.S., lined up outside stores to pick up pre-orders or have a chance to buy the device. The release ends months of anticipation that included pre-order hiccups and fears that tariffs would delay the release of the Switch 2. Here's what to know about the release and where you can buy it. A long wait for the Nintendo Switch 2 launch, and very long linesThe Nintendo Switch's unique ability to switch from a handheld console to a traditional one helped make it a hit when it launched in 2017. The Nintendo Switch Lite, which was a handheld-only device released two years later, also became popular, especially during the pandemic. It helped usher in bestselling Nintendo games including 'The Legend of Zelda: Breath of the Wild,' 'Mario Kart 8 Deluxe' and 'Animal Crossing: New Horizons.' The Nintendo Switch 2 adds interactive chat and screenshare functions to connect gamers. It will also have a more vibrant display and a larger screen. Nintendo has sold a total of 152 million Switches, just behind its best-selling Nintendo DS console which saw 154 million units move, according to the company. But demand has dwindled for the Switch, now in its eighth year after its debut. Nintendo hopes the new console will boost its declining sales. The base Switch 2 costs $450 and a bundle with the new 'Mario Kart World' included costs $500. It can be found online and in-store at major retailers like Walmart, Target and Best Buy, as well as specialty retailers such as GameStop, but it is expected to be snapped up fast and widespread shortages are expected. The on-again, off-again tariffs ordered by President Trump — which included goods from Japan — sparked fears Nintendo might have to delay the device. But the launch comes within the 90-day pause on most tariffs. U.S. preorders for the Switch 2 were delayed for several weeks so the company could assess the potential impact of tariffs. When they started in April, high demand sparked a chaotic pre-order process. Scores of consumers trying to pre-order ran into delays or errors. Shoppers took to social media to share long wait times and screenshots of error messages and carts that suddenly went empty. Nintendo acknowledged the 'very high demand' at the time and said it was working hard to fulfill orders, but also urged people to try to buy the device without a pre-order on June 5. Nintendo said it expects to sell 15 million Switch 2 consoles for the fiscal year through March 2026. The company is hoping the device jump-starts its sagging sales. In May Nintendo reported a 43% decline in profit for the fiscal year through March but promised a turnaround.
