Reported 1 day ago
Walmart is experiencing significant growth, with households earning over $100,000 a year contributing to 75% of its recent gains. The company's U.S. sales rose 5.3% in the last quarter, prompting an optimistic outlook for the holiday shopping season. While traditionally catering to low and middle-income shoppers, Walmart has expanded its offerings to attract higher-income customers by enhancing its grocery options and online services. This trend highlights a broader consumer shift towards seeking value in the face of ongoing economic pressures.
Source: YAHOO