U.S. consumers face "serious" inflation in the months ahead for clothing, food and other products, the head of Wal-Mart's U.S. operations warned Wednesday.
The world's largest retailer is working with suppliers to minimize the effect of cost increases and believes its low-cost business model will position it better than its competitors.
Still, inflation is "going to be serious," Wal-Mart U.S. CEO Bill Simon said during a meeting with USA TODAY's editorial board. "We're seeing cost increases starting to come through at a pretty rapid rate."
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Black Blade: Another reason to have a multi-year storage of nonperishable foods and basic necessities. This is why we also have precious metals as "portfolio insurance" against the ravages of inflation and of course why we are debt-free. We also keep other hard assets such as means to defend our selves and to procure food (ammo and firearms). I have been acquiring some rural raw land as well.
Be aware and prepare: [Only registered and activated users can see links. ]
__________________ When you're born you get a ticket to the freak show. When you're born in America , you get a front row seat. - George Carlin