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Why rich people are suddenly flocking to Walmart


Why rich people are suddenly flocking to Walmart

It’s not just cash-strapped shoppers who need to save every penny. Wealthier consumers want to save money, and they’re a key group that’s driven the continued rapid growth of America’s largest retailer. Walmart delivered another stunning result on Thursday, reporting a 4.8% year-over-year increase in quarterly revenue to $169.3 billion. Second-quarter sales rose 4.2%, beating […]