- Zacks
Retail Earnings & Consumer Spending: A Closer Look
With the unemployment rate at a multi-decade low, household buying power remains largely intact, even though most of the Covid savings have already been used up. And that's what we saw in the Q1 earnings season, with consumer spending largely holding up.
- Barrons.com
Walmart’s CFO on Tech, Advertising, and Winning the High-End Shopper
Walmart is no one’s idea of a tech company—but maybe it should be. In June 2023, John David Rainey spoke with Barron’s in his first sit-down interview as the chief financial officer of the big box retailer, explaining how the world’s largest retailer is expanding through a tech-first strategy. Walmart soared after posting impressive fiscal first-quarter earnings and guidance on May 16, helped by consumers’ laser-focus on value and increasing business from wealthier households.
- Barrons.com
Target Is Losing Customers. It’s Taking Cues From Walmart to Win Them Back.
Once a favorite among middle-class shoppers, Target’s reputation as a premium big-box retailer is now a liability as inflation drives consumers to seek value elsewhere.
