Walmart and Target see student loans and higher interest rates weighing on holiday shoppers
Nov 16, 2023
It’s sad Santa vibes at two of the nation’s largest retailers days before Black Friday. “We did see some different trends in the last two weeks of the [third] quarter than the first part of the quarter,” explained Walmart CFO John David Rainey on Yahoo Finance Live . When asked if the restart of student loan payments on Oct. 1 impacted sales trends, Rainey acknowledged it may have been a factor. Read more at Yahoo Finance