Inflation and rising supplier prices, impacting consumer purchasing power and Walmart's operational costs and profit margins. [cite: 7, 14, 20, 26 in previous outputs]

Slowing consumer spending trends, particularly affecting discretionary purchases, coupled with increased sensitivity to fuel costs reducing disposable income. [cite: 20 in previous output]

Competitive pressures from e-commerce rivals and the necessity for continuous investment in digital transformation, including AI and automation, influencing market share and capital expenditures. [cite: 14, 24 in previous outputs]