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How elections impact retail spending — RetailWire.com

By 8th & Walton | on October 8, 2024

Photo by Oxana Melis on Unsplash

Analysts and industry professionals have expressed a range of views on how presidential elections impact consumer spending:

“When asked about the election’s potential impact on Walmart’s second-quarter analyst call, John David Rainey, Walmart’s CFO, indicated that it could have some impact. He answered, ‘[The] good thing about elections is they come along every four years and we get to have a lot of history with seeing the impact of that. As I noted in my prepared remarks, given the state of the economy, the election, state of affairs globally, there’s reason to be appropriately measured in our outlook for the back half of the year, but effectively nothing has changed for that period of time relative to what we thought at the beginning of the year.’”

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About the Author


8th & Walton consists of retail industry experts with a combined 200+ years of Walmart and Walmart supplier experience. Having helped hundreds of CPG companies in their efforts to be better supplier partners to the world's most influential retailer, the 8th & Walton editorial team prides itself on being a go-to resource for Walmart supplier news and insights.

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