Bargain Hunters Turn to Walmart, Boosting Sales
By: Wall Street Journal
The nation’s largest retailer lifts full-year outlook as quarterly sales rise…The retailer is known for low prices and earns most of its U.S. revenue from groceries, characteristics that tend to attract shoppers in lean economic times as they give priority to necessities. Walmart said it continued to gain grocery market share, including among higher-income shoppers….