- Barrons.com
Will Walmart Keep Its Rich Customers? The Challenges That Lie Ahead.
Higher-income shoppers helped Walmart notch another blockbuster quarter. Former Walmart U.S. CEO Bill Simon suggests it could be. While attracting affluent shoppers amid high inflation and a volatile economy is easy, retaining them once economic conditions improve is harder, he cautioned.
- Zacks
5 Stocks Powering the Dow ETF Year to Date
The Dow Jones touched the milestone of 40,000 for the first time on strong corporate earnings and renewed bets for rate cuts. We have highlighted five ETFs that have been leading the way higher this year.
- Benzinga
Walmart Is Firing On All Cylinders And That Includes Its Newer Businesses That Go Beyond Groceries
On Thursday, Walmart Inc (NYSE: WMT) surpassed estimates with fiscal first quarter earnings and revenue expectations. The discounter significantly expanded its e-commerce sales and boosted profits with newer businesses, including advertising and its efforts to appeal to more affluent shoppers in order to fight off rivals like Amazon.com Inc (NASDAQ: AMZN). While Walmart is the nation’s biggest retailer, Amazon leads when it comes to e-commerce, but Walmart is determined to stop being the underdo
