iluvatar5150
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- Aug 3, 2012
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Yeah, I think whatever cache Target may have had is gone now - all discount stores are annoying, just in different ways. I can put up with WM 's horrendous lighting and shabby appearance if it means they actually have stuff on the shelves. I'll be happy when I can just order everything online....it seems you are not alone to occasionally shop Walmart.
The company [Walmart] reported 6% revenue growth to $161.5 billion and a comparable sales growth of 3.8% in its first quarter Thursday, which it said was driven by upper-income shoppers. Walmart was so optimistic it raised its outlook for growth to 4% from 3% for the year and expects adjusted earnings to be $2.37 per share, up from $2.23.
“We are seeing customers trade into Walmart,” Chief Financial Officer John David Rainey told Bloomberg on Thursday. “We’ve historically been thought of for value, but now it’s value, quality and convenience.”
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Walmart is nabbing Target’s ‘Tar-jay’ rep and Amazon’s delivery crowd as even the wealthy flock to the retail giant
The big box retailer’s blockbuster earnings are mostly thanks to its focus on groceries and e-commerce.fortune.com
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