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,…