How Walmart became America’s largest grocer
Publishing timestamp: 2023-10-22 08:00:01
Summary
The article discusses how more Americans are turning to Walmart for groceries due to high prices at other supermarkets. Walmart's low prices are attracting both middle America and affluent consumers. The article also mentions that Walmart has taken steps to offset price increases and offers lower prices on certain Thanksgiving meal items. The article questions whether Walmart will be able to retain its newly acquired shoppers as inflation cools and prices level off.
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Tickers: WMT,
Keywords: breaking news: technology, walmart inc, breaking news: business, economy, united states, business, retail industry, u.s. economy, video first, technology, business news, transportation, breaking news: economy,
Source: https://www.cnbc.com/2023/10/22/how-walmart-became-americas-largest-grocer.html