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Walmart Keeps Picking Up More High-Income Customers
Key Takeaways High-income households are shopping more at Walmart, with its delivery services and membership programs helping drive the growth. CEO Douglas McMillon is optimistic the trend may last "a long time.
Walmart is seeing growth in higher income shoppers, retailer says
The retailer saw share gains in new shoppers across income levels mainly led by upper-income households, which make more than $100,000 in annual income, Walmart officials said during an earnings call on Tuesday. Walmart in a previous earnings call had also highlighted the rise in its higher income shoppers.
Walmart keeps growing with shoppers making more than $100,000 a year
Customers making more than $100,000 a year are fueling the growth. Walmart’s US sales at stores open for at least a year grew 5.3% last quarter compared with the year prior, the company said Tuesday,
Walmart sees higher-income shoppers as a key to holiday sales growth
Households earning more than $100,000 made up 75 percent of its Walmart’s market share gains in the third quarter, chief executive Doug McMillon said.
Walmart expects 'best' year in decades
Bringing the latest business news and up-to-date informed analysis from New York and around the world.
Walmart Earnings: Holiday Shopping Is Off to a Strong Start
NBC News
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...
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Amazon Plans Grocery Delivery Platform To Rival Walmart, Kroger and Target
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on MSN
Everything to Know About the Walmart+ Membership, from Free Shipping to Gas Discounts
The Walmart+ membership comes with tons of perks, including discounts on gas, free shipping on any product sold by Walmart, ...
Marketplace
1d
The secrets of Walmart’s success? Groceries, low prices and a popular e-commerce platform.
It’s improved its
delivery
and curbside pickup services ... but they’ve definitely focused on value and basics and getting ...
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I took the same grocery list to Aldi and Walmart. One chain surprisingly won me over.
I took the same grocery list to Walmart and Aldi to see which chain had the better value, prices, and shopping experience ...
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