Tech
Tariffs aren’t keeping Walmart from attracting shoppers and outpacing Target
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Walmart powered through an uncertain economic environment and tariff concerns to deliver solid second-quarter financial results Thursday, showing it keeps pulling in shoppers and outpacing peers like Target.
The nation’s largest retailer reported a 4.6% quarterly increase in comparable sales – those coming from established stores and online channels. Company executives said Walmart was attracting customers, particularly higher-income shoppers who may have avoided its stores in the past, with fast deliveries, grocery discounts and trendier clothes.
The…
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