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WSJ What’s News

What’s News in Earnings: Big Retailers Start to Worry

WSJ What’s News

The Wall Street Journal

Daily News, News

4.14.2K Ratings

🗓️ 6 March 2025

⏱️ 7 minutes

🧾️ Download transcript

Summary

Bonus Episode for Mar. 6. When consumers feel uncertain about the economy, retailers tend to get nervous too. Big companies like Walmart, Target and Best Buy are trying to navigate uncertainties on tariffs along with shoppers still reeling from inflation. Retail reporter Sarah Nassauer analyzes the latest earnings results from some of the nation’s top retailers and explains why consumer behavior looks increasingly unpredictable this year. Chip Cutter hosts this special bonus episode of What's News in Earnings, where we dig into companies’ earnings reports and analyst calls to find out what’s going on under the hood of the American economy. Sign up for the WSJ's free Markets A.M. newsletter.  Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Americans love using their credit cards, the most secure and hassle-free way to pay.

0:04.0

But DC politicians want to change that with the Durban Marshall Credit Card Bill.

0:08.0

This bill lets corporate megastores pick how your credit card is processed,

0:13.0

allowing them to use untested payment networks that jeopardize your data security and rewards.

0:18.0

Corporate megastores will make more money and you pay the price.

0:22.1

Tell Congress to guard your card because Americans lose when politicians choose. Learn more at

0:28.1

guard your card.com.

0:33.0

Hey listeners, it's March 6th. I'm Chip Cutter for the Wall Street Journal and this is

0:36.7

what's news and earnings. Our look at the broad themes that Wall Street Journal, and this is What's News and Earnings,

0:37.7

our look at the broad themes that stood out in the latest earnings season.

0:40.7

Today, we're talking about retailers.

0:42.9

For years, consumers have gravitated towards companies such as Walmart, Amazon, and Costco

0:47.0

that are known for low prices and fast shipping on lots of items.

0:50.8

But now the industry is grappling with a growing list of issues, tariffs, cautious

0:54.6

consumers, and still high inflation.

1:02.2

Some big companies like Best Buy are already warning of challenges ahead and possibly higher

1:06.9

prices for shoppers. Sarah Nassauer covers the biggest retailers for the journal and is here

1:11.2

to explain all that's happening across the industry. Sarah, so good to see you. Thanks for having me.

1:16.0

So let's start with what happened this week. The Trump administration's long-awaited, long-feared

1:20.4

tariffs on Mexico and Canada took effect, adding to those already in place for goods from China.

1:25.6

These, of course, could still be retracted. But what did

1:28.9

retailers have to say about them and what will it mean for consumers? The retailers said they're not

...

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