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Walmart’s strategy pays off: higher-income shoppers drive growth


Walmart’s strategy pays off: higher-income shoppers drive growth

As inflation eases and consumers continue to hunt for bargains, Walmart is reaping the rewards. Walmart shares rose 7% on Thursday after the release of strong second-quarter results. The company’s performance was bolstered by an influx of higher-income shoppers, as well as growth in advertising and e-commerce. Walmart noted in its latest earnings report that […]