Reported 20 days ago
Walmart and Amazon reported significant increases in holiday sales during Black Friday and Cyber Monday, outperforming competitors Target and Best Buy which saw declines. Record online spending was noted, with Walmart and Amazon experiencing up to 6% sales growth compared to last year, while Target and Best Buy struggled despite exclusive merchandise promotions. E-commerce competitors Temu and Shein also showed impressive growth. Overall, the holiday shopping season appears brighter for Walmart and Amazon compared to their rival retailers.
Source: YAHOO