Reported 5 months ago
The article discusses the recent earnings reports of Target and Walmart. Target's first-quarter earnings missed Wall Street estimates, with a 3% loss in comparable sales and a 1.9% drop in US traffic year-over-year. In contrast, Walmart reported an increase in comparable sales and US traffic by 3.8% year-over-year. This comparison reveals that consumers are favoring Walmart for value deals, as indicated by Walmart's success in attracting foot traffic and e-commerce sales growth. Target is also adapting by focusing on value and convenience in response to consumer preferences.
Source: YAHOO