• From CNBC:
"Walmart CEO Doug McMillon wants to help bring inflationary prices down by keeping his company’s own private brands priced low, telling CNBC’s Jim Cramer Tuesday that the company is 'not participating in a recession if there is one.'
"' think we have historically shown that we can bring prices down,' said McMillon in a 'Mad Money' interview.
"McMillon said he would prefer that Walmart’s brand partners and suppliers 'step forward' on their own to lower prices, but regardless he wants 'to play a role in helping get prices down' … McMillon told Cramer he was confident that Walmart’s lower-priced products could push other brands to bring down their own prices, even as Walmart and its peers face rising costs."
