Reported about 2 months ago
Walmart's second quarter earnings surpassed expectations, prompting the company to raise its full-year sales and profit forecasts. While the retail giant is thriving, Forrester analyst Sucharita Kodali warns that overall consumer spending growth is stagnating or declining relative to inflation, suggesting that Walmart's success may be driven by lower-income consumers relying more on credit, potentially at the expense of other retailers.
Source: YAHOO