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Walmart Targets Lower Prices After Receiving Nearly $3 Billion in Tariff Refunds
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Fox Business, Approved, National

Walmart Targets Lower Prices After Receiving Nearly $3 Billion in Tariff Refunds

By Bradford Betz | FOX Business Walmart plans part of nearly $3 billion in tariff refunds to support its pricing strategy as the retailer posted higher sales and raised its annual outlook. Walmart has received nearly $3 billion in tariff refunds and says it will use some of the benefit to help keep prices low for shoppers, while the windfall also gave quarterly profit growth a significant boost. The company said it "prioritized investment in price" after receiving refunds tied to tariffs imposed under the International Emergency Economic Powers Act, or IEEPA. The refunds came as Walmart continued leaning into its value proposition. The retailer pointed to more than 11,000 price rollbacks across its U.S. stores during the quarter. "We’re i...
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Mayor Mike Johnston unveils 2025 budget proposal amid cuts due to declining Denver consumer spending
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Approved, CBS Colorado, Local

Mayor Mike Johnston unveils 2025 budget proposal amid cuts due to declining Denver consumer spending

By Jasmine Arenas | CBS Colorado A drop in consumer spending is affecting the city of Denver's finances. Mayor Mike Johnston unveiled his proposed 2025 budget on Thursday, and as a result of that dip in it includes substantial cuts to programs that he's passionate about.   Nicole Doheny, the chief financial officer for the City and County of Denver, says cities like Los Angeles and Chicago are also facing similar challenges. "Denver is not immune to these factors. Here in Denver what these trends mean for us is that our revenue growth for 2025 is projected at 1.1%. (It's our) lowest revenue growth since the pandemic," Doheny said. READ THE FULL STORY AT THE CBS COLORADO
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