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Yahoo
a day ago
- Business
- Yahoo
Walmart Employees Sound the Alarm As Prices Soar
Walmart is raising eyebrows and prices, as shoppers and employees alike document noticeable price hikes on the retailer's shelves. These increases come in the wake of tariffs, which have forced Walmart, and many other companies, to adjust costs to maintain margins. Photos of price increases are circulating online, especially on Reddit, where users have posted images showing hikes of up to 45 percent. Newsweek reported one notable example includes a Jurassic World t. rex toy, which jumped from $39.92 in April to $55 by late May. 'Just crazy to see happening in real-time,' wrote one user. Another user shared a Baby Born doll that saw its price rise from $34.94 to $49.97, while a left-handed fishing reel spiked from $57.37 to $83.26—an increase of 45 percent. Even pantry staples haven't been spared: a Reddit post noted cocoa powder that rose from $3.44 in May 2024 to $6.18 in April 2025. Walmart's leadership hasn't shied away from acknowledging the impact. CEO Doug McMillon said last month, '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.' The toy industry, in particular, has been hit hard. Many manufacturers rely on imports from China, and the 10 percent tariffs are squeezing costs. When asked about the rising prices, Trump offered a characteristically blunt response: 'Well, maybe the children will have two dolls instead of 30 dolls, you know.'Walmart's strategy moving forward appears focused on maintaining momentum while mitigating margin pressure. Chief Financial Officer John David Rainey noted, 'Our strategy is clear, our top-line momentum is strong, and we are flexing into our advantages to protect margins as we grow.' For shoppers, this means higher prices at checkout—potentially more visible as Walmart continues to raise prices on both everyday essentials and popular items. As the retail giant navigates tariff-fueled costs, consumers may need to adjust expectations and budgets Employees Sound the Alarm As Prices Soar first appeared on Men's Journal on Jun 2, 2025
Yahoo
a day ago
- Business
- Yahoo
Walmart Employees Sound the Alarm As Prices Soar
Walmart is raising eyebrows and prices, as shoppers and employees alike document noticeable price hikes on the retailer's shelves. These increases come in the wake of tariffs, which have forced Walmart, and many other companies, to adjust costs to maintain margins. Photos of price increases are circulating online, especially on Reddit, where users have posted images showing hikes of up to 45 percent. Newsweek reported one notable example includes a Jurassic World t. rex toy, which jumped from $39.92 in April to $55 by late May. 'Just crazy to see happening in real-time,' wrote one user. Another user shared a Baby Born doll that saw its price rise from $34.94 to $49.97, while a left-handed fishing reel spiked from $57.37 to $83.26—an increase of 45 percent. Even pantry staples haven't been spared: a Reddit post noted cocoa powder that rose from $3.44 in May 2024 to $6.18 in April 2025. Walmart's leadership hasn't shied away from acknowledging the impact. CEO Doug McMillon said last month, '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.' The toy industry, in particular, has been hit hard. Many manufacturers rely on imports from China, and the 10 percent tariffs are squeezing costs. When asked about the rising prices, Trump offered a characteristically blunt response: 'Well, maybe the children will have two dolls instead of 30 dolls, you know.'Walmart's strategy moving forward appears focused on maintaining momentum while mitigating margin pressure. Chief Financial Officer John David Rainey noted, 'Our strategy is clear, our top-line momentum is strong, and we are flexing into our advantages to protect margins as we grow.' For shoppers, this means higher prices at checkout—potentially more visible as Walmart continues to raise prices on both everyday essentials and popular items. As the retail giant navigates tariff-fueled costs, consumers may need to adjust expectations and budgets Employees Sound the Alarm As Prices Soar first appeared on Men's Journal on Jun 2, 2025
Yahoo
2 days ago
- Business
- Yahoo
US Tariff Impact: Prices Surge At Walmart And Target, Employees Say—Some Jumps Top 38%
The tariffs imposed by President Donald Trump are reportedly leading to significant price increases at Walmart Inc. (NYSE:WMT) and Target Corporation (NYSE:TGT) stores across the U.S. What Happened: The Walmart employees have been sharing images on Reddit that depict a sharp rise in prices, with some items seeing a surge of up to 45%. Similar price hikes have been noted at Target as well. For example, a Jurassic World T. Rex toy at Walmart saw its price increase from $39.92 in late April to $55 in late May, a nearly 38% increase. The price of a Baby Born doll shot up from $34.97 in March to $49.97 in May, an approximate rise of 43%. Don't Miss: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — this is your last chance to become an investor for $0.80 per share. Nancy Pelosi Invested $5 Million In An AI Company Last Year — Here's How You Can Invest In Multiple Pre-IPO AI Startups With Just $1,000. In addition, a left-handed fishing reel's price jumped from $57.37 in April to $83.26 in May, a 45% increase. AisleGopher, a third-party website that monitors Walmart prices, confirmed these price hikes. Last Thursday, Target also increased the price of the Baby Born doll to match Walmart's increased price. However, Target CEO Brian Cornell stated that price increases would be a 'very last resort'. As per the report by Insider, in reaction to the tariff-induced price hikes, Walmart CFO John David Rainey warned that prices would continue to rise on some items in the coming weeks and months. President Trump responded by suggesting that Walmart should 'eat the tariffs.' Why It Matters: The price hikes at Walmart and Target are a direct result of the tariffs imposed by the Trump administration. These tariffs, aimed at protecting domestic industries, are causing a ripple effect on the retail sector, leading to increased costs for consumers. The situation underscores the complex interplay between trade policies and consumer prices, with retailers caught in the middle. As the tariff war continues, consumers and retailers alike will be closely watching the impact on prices and overall market dynamics. Read Next: Hasbro, MGM, and Skechers trust this AI marketing firm — Invest before it's too late. Deloitte's fastest-growing software company partners with Amazon, Walmart & Target – Many are rushing to grab 4,000 of its pre-IPO shares for just $0.30/share! Image: Shutterstock/Iryna Tolmachova Send To MSN: Send to MSN Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? This article US Tariff Impact: Prices Surge At Walmart And Target, Employees Say—Some Jumps Top 38% originally appeared on
New York Post
2 days ago
- Business
- New York Post
Walmart quietly jacks up prices — despite Trump's demand for retailer to ‘eat the tariffs'
Walmart has quietly been hiking prices on items ranging from toys to office supplies, with some markups reportedly climbing more than 100% — despite President Trump's demand for retailers to 'eat the tariffs.' Photos circulating online, particularly on the Walmart subreddit, have documented the dramatic price hikes since the White House imposed a 145% tariff on imports from China in early April, before lowering the levy to 30% last month. The price of toys, the bulk of which are made in China, were particularly impacted. 5 A fishing reel is on sale at Walmart for a whopping $83.26. Reddit/Majestickenny12 A 'Jurassic World' T. rex rose from $39.92 on April 27 to $55 by May 21 — an increase of nearly 38%. Price tracking site AisleGopher shows the same item cost $29.74 in November. A 'Baby Born' doll jumped from $34.97 in March to $49.97 in May, a roughly 43% rise, while a Lite Brite Magic Screen set moved from $14.97 to $21.97 (up nearly 47%). The popular Etch A Sketch jumped from $14.97 to $24.99 — nearly a 67% increase. The price on some office supplies also surged, with a roll of tape that previously sold for $4.24 soaring to $9.94, a 134% spike. Other notable hikes include a heating pad rising roughly 25%, from $19.98 to $24.96, and a fishing reel surging from $57.37 in April to $83.26 in May, a 45% increase. That same reel was listed for $51.12 as recently as mid-March, according to AisleGopher. 5 'Baby Born' dolls have seen prices rise by more than 40%. Reddit/Plus_Astronaut_420 The Post reached out to Walmart for comment. Walmart's Chief Financial Officer John David Rainey acknowledged the hikes and called them 'unprecedented,' according to Business Insider, which first reported on the backlash over the increases. 'We have always worked to keep our prices as low as possible and we won't stop,' a spokesperson told the outlet 5 The price of a 'Jurassic World' T. rex toy at Walmart rose from $39.92 on April 27 to $55 by May 21 — an increase of nearly 38%. Reddit/Nvalee 'We'll keep prices as low as we can for as long as we can given the reality of small retail margins.' The Arkansas-based retail giant posted profits of $15 billion-plus last year, according to The Post's Charles Gasparino, who last week reported that stores were not going to swallow the cost of tariffs for long. Trump has demanded that Walmart and other retailers 'eat the tariffs' rather than pass costs on to consumers, publicly rebuking the company after its CEO warned it may soon raise prices due to rising import levies. The Post reached out to the White House for comment, which deferred to comments made by Treasury Secretary Scott Bessent on Sunday. 5 The White House has touted what it calls encouraging economic indicators since President Trump rolled out sweeping tariffs. REUTERS Bessent told CBS's 'Face the Nation' that inflation is down despite concerns over tariffs. Last week, the Federal Reserve's preferred inflation gauge, the Personal Consumption Expenditure index, decreased to 2.1%, its lowest level in seven months. 'Thus far there have been no price increases,' Bessent said. 'Everything has been alarmist, that the inflation numbers are actually dropping. We saw the first drop of inflation in four years. The inflation numbers last week, they were very pro-consumer.' In a statement on Thursday, White House spokesman Kush Desai pointed to what he called encouraging economic indicators. 'Americans have now seen multiple expectation-beating inflation and jobs reports since President Trump took office, with the prices of essentials like eggs down an astonishing 61%,' Desai told The Post. 'The Trump administration remains committed to deploying a full suite of supply-side reforms including rapid deregulation, tax cuts, and domestic energy production to deliver economic relief for the American people.' 5 'We have always worked to keep our prices as low as possible and we won't stop,' a Walmart spokesperson said. AFP via Getty Images Retail experts caution that while tariffs are likely a factor in these hikes, they may not be the only reason for the increases. Companies adjust prices for a wide range of reasons — from supply chain disruptions to shifts in demand — and publicly listed prices do not necessarily reveal how much of the change is directly attributable to tariffs. Still, the timing of the hikes has renewed attention on Trump's trade war and its lingering effects. According to Walmart, about 60% of the products it sells in the US come from domestic suppliers. The company has spent years trying to reduce its dependence on Chinese imports. Despite that, analysts say it's nearly impossible for big-box retailers to fully shield themselves — or their customers — from the financial fallout. David Bellinger, a retail analyst at Mizuho Securities, told clients on Wednesday that he expects the broader impact of tariffs on consumer spending to remain relatively small — perhaps just a low-single-digit percentage. But for individual items, especially those sourced from China, the effect may be more pronounced.
Newsweek
2 days ago
- Business
- Newsweek
Walmart Workers Share Photos of Price Increases
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. Walmart employees have been sharing photos of price increases at the store, after the company announced that it plans to raise prices on some products as a result of President Donald Trump's tariffs, with a subreddit about the retail giant showing increases of as much as 45 percent. Newsweek has reached out to Walmart outside of regular working hours via an online contact form. Why It Matters In May, a month after Trump announced his sweeping tariffs on U.S. trading partners, Walmart CEO Doug McMillon said: "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." Two-thirds of Walmart's products are sourced in the U.S., with groceries accounting for about 60 percent of its U.S. business. Numerous companies have raised their prices to mitigate cost increases as a result of Trump's universal 10 percent tariffs on products entering the U.S. A Walmart Supercenter on May 15, 2025, in Austin, Texas. A Walmart Supercenter on May 15, 2025, in Austin, To Know One example posted to Reddit shows the Walmart label of a Jurassic World t. rex toy that jumped in price from $39.92 on April 27 to $55 on May 21. The Reddit poster wrote on the site that it was: "Just crazy to see happening in real time." A Baby Born doll also increased in price, from $34.94 in March to $49.97 in May, according to Aisle Gopher. Representatives of the toy industry have said that tariffs would significantly impact their sector, as many toy manufacturers rely on Chinese imports. In response to concerns about the cost of toys, Trump said "Well, maybe the children will have two dolls instead of 30 dolls, you know." Another product on the Walmart site that spiked in price was a left-handed fishing reel. It rose from $57.37 to $83.26 from April to May, a jump of 45 percent, with a post on Reddit showing the two price stickers. Aisle Gopher's price history says that the price of the reel was $51.12 on March 14. Another Reddit post showed an increase in the price of cocoa powder from $3.44 in May 2024 to $6.18 in April 2025. What People Are Saying Walmart Chief Financial Officer John David Rainey previously told Newsweek: "As we look ahead, while operating conditions are expected to remain dynamic, our strategy is clear, our top-line momentum is strong, and we are flexing into our advantages to protect margins as we grow." What Happens Next In April, Walmart said that the uncertainty around trade is making it difficult to plan for the future.
