Walmart rerouted goods to less congested ports, even chartered its own vessels, and said that its inventory levels actually rose 11.5% from the same period last year. It boosted market share gains as a result, particularly with groceries, as it drew in more Americans stung by prices that are rising everywhere.
“The sharp increase in inflation has been felt by many households, especially when it comes to grocery shopping, and this has created far more churn in where consumers buy,” said Neil Saunders, managing director at GlobalData Retail. “Thanks to its solid low-price credentials, Walmart is one of the retailers households turn to make their food budget stretch further.”
Food sales rose nearly 10% during the quarter, reflecting strong market share gains and low to mid-single digit inflation.
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Denne historien er fra November 19, 2021-utgaven av AppleMagazine.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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JAPAN'S NISSAN RESHUFFLES MANAGEMENT TO FIX ITS MONEY-LOSING BUSINESS
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AUSTRALIA PLANS TO TAX DIGITAL PLATFORMS THAT DON'T PAY FOR NEWS
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ELON MUSK WANTS TO TURN SPACEX'S STARBASE SITE INTO A TEXAS CITY
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