Retailers Wary Of Economy As Walmart Climbs

Posted on 08/17/2023

Walmart reported for Q2 and the data is strong, with revenue of US$ 161 billion, up 5.7%. Comp sales were up 6.4%. Ecommerce was up by 24%. Operating income was up US$ 500 million. But those numbers don’t tell the story of retail as a whole. Deloitte research noted earlier this year that “almost all…

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