Walmart grows more optimistic about 2024 as bargains prove a powerful lure for the inflation weary

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Walmart grows more optimistic about 2024 as bargains prove a powerful lure for the inflation weary
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NEW YORK (AP) — Walmart had another quarter of strong sales that topped almost all expectations with its comparatively low prices proving a powerful draw for millions who have struggled with rising costs for housing, groceries and almost everything e

NEW YORK — Walmart had another quarter of strong sales that topped almost all expectations with its comparatively low prices proving a powerful draw for millions who have struggled with rising costs for housing, groceries and almost everything else.

Walmart, based in Bentonville, Arkansas, is among the first major U.S. retailers to report quarterly results and provides a peek into how Americans are feeling about their spending power. And in a potentially encouraging shift, Walmart said sales of discretionary items like clothing were flat to very slightly positive. Americans for two years have maintained a laser-like focus on the essentials, taking a pass on goods that are not absolutely necessary, and spending that money instead on groceries and other basics.

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Walmart boosts outlook for the 2024 with bargains proving a powerful lure for the inflation wearyWalmart boosts outlook for the 2024 with bargains proving a powerful lure for the inflation wearyNEW YORK (AP) — Walmart had another quarter of strong sales that topped almost all expectations with its comparatively low prices proving a powerful draw for...
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