<ul><li>Both Amazon and Walmart are cautious about their Q1 prospects due to persistent inflation, weak consumer demand, and foreign exchange challenges.</li><li>Consumer spending has fallen across most retail categories, including apparel and athletic footwear.</li><li>Budget-conscious consumers are buying smaller pack sizes and being more selective with their purchases.</li><li>Both retailers are impacted by tariffs on discretionary items and inflation, but have shown resilience in their respective earnings.</li></ul>

Caution Clouds Walmart and Amazon Outlook as Shoppers Tighten Budgets

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