
Category: Big-box stores
Walmart is crushing Target by luring wealthier shoppers and dominating groceries
Walmart. AP Target reported a weak third quarter and lowered its fourth-quarter steering. Meanwhile, Walmart gross sales have been up over 8% within the quarter and the retailer raised its full-year outlook. Walmart’s dominance is due to its grocery enterprise and an inflow of higher-income shoppers. In the big-box battle for Americans’ wallets, Walmart is profitable. The Arkansas-based retailer reported sturdy quarterly earnings on Tuesday,…