Walmart, the largest retailer and private employer in the U.S., reported another strong quarter, surpassing Wall Street expectations as it enticed shoppers with more discounts on groceries.
Joe Feldman, Telsey Advisory Group’s senior managing director, wrote in a research note earlier this summer that the move to cut prices enticed consumers and resulted “in higher unit sales across all income groups.” Feldman said the firm believes the company is “well-positioned to gain market share across all income groups regardless of the environment.”
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