A very good year at Walmart

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The past 12 months have been great for Walmart, with stock prices rising due to increased sales. And it’s all happening despite the impending tariffs and without adding more employees. Today, on the show, US consumer editor Gregory Meyer joins Rob Armstrong to discuss what Walmart’s success can tell us about the future of American retail. They also go to short online sports gambling and short New Jersey Transit.

For a free 30-day trial of unedited newsletters, visit https://www.ft.com/unhedgedoffer.

You can email Robert Armstrong and Katie Martin to unhedged@ft.com.

Read the transcript of this episode on FT.com

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