Walmart is winning by attracting the well-off

Photo credit: Paul Weaver / Getty Images. Article by Sam Klebanov. Morning Brew – November 19, 2024.

Walmart is cracking open a bottle of modestly priced bubbly to celebrate the stellar sales numbers it reported earlier this week. The big-box behemoth said it was able to win market share from rivals last quarter mainly by luring in customers from the $100K+ income bracket. […]

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