Walmart told shareholders Wednesday that inflation is impacting the business. Now it is looking to add automation to offset hiring.

Walmart told its shareholders on Wednesday that inflation is impacting the business. Now it is looking to add automation to offset hiring.

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Inflation Impacts Walmart as Retail Giant Looks to Automation

Inflation continuing to have an impact on the nation's biggest retailer as it looks to automation to offset slower hiring Walmart executives say at a two day investor meeting wrapping up today that it plans to add more automation in stores and fulfillment centers targeting about 65% of stores serviced by automation by 2026. While Walmart is maintaining its forecast for the full year and the first quarter and the retail giant may be considered a gauge of consumer spending since it is such a wide reach. Reiterating guidance means that the company not seen significant changes in consumer behavior since its latest earnings release in February. While Walmart Stock is up about 1.5%.