Walmart is getting a bump from a surprising cohort: Wealthier shoppers
Publishing timestamp: 2025-02-19 16:58:17
Summary
Walmart is attracting more higher-income shoppers to its online platform and stores, driving growth and market share gains. The retailer's expansion of its online assortment, store remodels, and membership program Walmart+ have helped in this effort. However, some investors are skeptical about whether this trend will continue, especially in the face of inflation. Walmart's focus on providing convenience and value to customers, including curbside pickup and home deliveries, has been key in attracting affluent shoppers. The company's efforts to revamp its stores and offer premium brands have also contributed to its success in appealing to wealthier consumers.
Sentiment: MIXED
Keywords: target corp, doug mcmillon, walmart inc, retail industry, earnings, kroger co, business news, business, breaking news: business,
Source: https://www.cnbc.com/2025/02/19/walmart-earnings-wealthy-shoppers-boost-sales.html