Walmart is expanding its employee discount program to include a 10% discount on nearly all groceries, including milk, meat, and frozen food, for its 1.6 million U.S. employees. The move comes amidst concerns over rising tariffs and potential price increases in the economy. Walmart’s CFO has warned that higher prices are inevitable due to the current economic climate. This expanded discount could help Walmart retain employees and boost its own business by encouraging workers to shop at its stores and website. The announcement was made at a holiday meeting in Houston, with store managers in attendance. The retailer is set to report its latest earnings on Aug. 21.
Read more at CNBC: Walmart expands employee discount on groceries
