latest news in Walmart
Target's Holiday Nightmare: Stock Plunges 20% as Walmart Widens Market Gap
Minneapolis, Wednesday, 20 November 2024.
In a stark retail divergence, Target’s Q3 earnings severely disappointed Wall Street with a $1.85 EPS against an expected $2.30, while rival Walmart celebrates strong performance. Despite Target’s aggressive price-cutting strategy on 10,000 items and digital sales growth of 10.8%, discretionary spending weakness forced a significant downward revision of annual guidance, highlighting the growing competitive gap in US retail.
Walmart's Strategic Shift: Luxury Shoppers Drive Record Growth
Bentonville, Wednesday, 20 November 2024.
In a remarkable market shift, Walmart reports that affluent households earning over $100,000 contributed to 75% of its recent market share gains. This unexpected trend, combined with a 27% surge in e-commerce sales, positions the retail giant for a strong holiday season, challenging traditional luxury retail dynamics.
Walmart's Q3 Triumph: E-commerce Surge Drives Record Revenue Growth
Bentonville, Tuesday, 19 November 2024.
Walmart’s Q3 2024 showcases remarkable transformation with e-commerce sales soaring 27% and revenue hitting $169.6 billion. The retail giant’s strategic shift to omnichannel retail pays off as digital advertising revenue jumps 28%, while store-fulfilled deliveries accelerate. Most notably, after 11 quarters of decline, general merchandise sales post second consecutive growth, signaling strong consumer confidence despite inflation concerns.