What he'll be watching this earnings season. Additionally, Motley Fool senior analyst Asit Sharma talks with PubMatic CEO Rajeev Goel about how the sell-side advertising platform is faring in a tougher macroeconomic environment, as well as opportunities the company sees now. To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center. Read More...
Reuters
Walmart US merchandising chief Redfield to step down
Redfield will assume an advisory role supporting the U.S. business effective May 1, Walmart U.S. CEO John Furner wrote in a memo to US-based associates on Friday, without naming a successor. The rejig comes at a time when inflation has eroded consumer spending power, denting Walmart’s business and prompting the retailer to take up a cautious stance on 2023. At its investor meeting last week, Walmart said inflation continues to pressure its business, with shoppers buying more lower-margin groceries and cutting back purchases of higher-margin items like clothing and home goods.
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