Fmr. Toys ‘R’ Us CEO: ‘If Walmart Has to Raise Praises, Everyone’s Going to Raise Prices’

EXCERPT:

STORCH: “Well, if Walmart has to raise prices, everyone's going to raise prices. So, they're going to see higher prices on those items that don't have domestic substitutes, or other products that can be substitutes. Again, heavily, toys, consumer electronics, a lot of home goods, hardlines types of products, you'll see price increases. I just want to emphasize again, that's a percentage of the basket. Most of the food products won't have that, and that's why some of what President Trump was saying was correct in that regard.”