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Walmart聽shouldnt count on keeping the affluent customers it has recently gained, the retailers former U.S. CEO聽Bill Simon聽said Thursday May 16 .Speaking on CNBCs Fast Money, Simon said that when the economic situation picks back up, affluent shoppers will go back to retailers that provide a premium experience, CNBC聽reported聽Thursday.Currently, Simon said, factors like food inflation have led these shoppers to go to Walmart for convenience, cost聽and assortment. But as inflation recedes over the next two years, affluent consumers will leav stanley cup e discount retailers in favor of ones that provide more service. As the economic challenges abate 8230; service will become more important than convenience and price. And,聽well see a shift back of some of the consumers, Simon said.Simon served as president and CEO of Walmart U.S. from 2010 to 2014. He is currently on the boards of聽Darden Restaurants,聽Hanesbrands聽and聽Pitney Bowes, according to his聽biography聽on the Hanesbrands investor relations website.This report came on the same day that Walmart reported better-than-expected聽first-quarter earnings聽a stanley de nd upgraded its forecast for growth this year.Speaking Thursday during the retailers quarterly earnings call, Walmart CEO聽Doug McMillon聽said the retailer has been adjusting its business model to drive long-term revenue growth. Weve been known for price forever, but stanley uk were increasingly known for convenience, McMillon said. So whether the environment is inflationary, or deflationary, whether cust Hspg Payment Choice Is the Best Feature Merchants Can Offer Consumers

For fitness aficionados and those just looking to get in a workout, several online platforms have emerged to help them bring home the gym experience. But NEOU Co-founder Nathan Forster found that existing offerings forced consumers to buy expensive equipment and lacked a great user experience. I truly felt like the real Netflix of wellness did not exist, and we wanted to build it, Forster told PYMNTS in an interview.Forster said that his company, NEOU, does two things: For starters, it brings content and trainers to consumers in one place with the goal of providing a great user experience. At the same time, his platform allows fitness trainers to reach consumers and gro stanley cup w stanley mug their digital brands. Forster noted that there are many talented trainers who might teach classes for other fitness brands or who have trouble scaling their own brands. He has an active talent acquisition team that is on the lookout for trainers to bring onto his platform, and is particularly on the hunt for people who bring transformation. We want talented people who want to help other people change their lives, he said. Forster also allows those who are interested in joining the platform to send the company a note, and some trainers have reached out via social media.To qualify to join the platform, tra stanley cup iners have to offer a great performance on camera, be passionate about what they do and have a meaningful brand. Forster said his company works on the Netflix model, aiming to have something for everyone, s