Walmart sees 'remarkable shift' as shopper spending per visit surges 27% - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

Walmart sees 'remarkable shift' as shopper spending per visit surges 27%

Walmart sales soared in the second quarter, with same-store sales rising 9.3% and ecommerce sales nearly doubling.

Neil Saunders, managing director of GlobalData retail, called this a "remarkable shift in the way consumers are shopping." Grocery sales have also been strong, as restaurants across the US continue to face operating restrictions due to COVID-19. "I saw some stores that were remarkably light [on inventory]. It was just — it was deeply concerning, and the team was obviously scrambling," McMillon said, describing his visits to stores early in the second quarter.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Does this reflect a shift in amount purchased or a shift in the pricing. Grocery prices have certainly shot up

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Inside the 20,000-member trading community started by college students - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Walmart, Best Buy, Patagonia give workers time off to vote - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Business Insider webinar with McKinsey, Bain, and PwC - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Politics and money fueling surge in divorces among New York City elite - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. COVID is much more than a biological virus! It's a mass destruction tool ! not only new york not only usa. C’mon thought it was more genuine
Source: BusinessInsider - 🏆 729. / 51 Read more »

A couple who bought a home in cash sees the advantage of a mortgage - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. No it wouldn’t. It would make them throw away 15-30 years of 4% interest. please do not write 'home buying success stories' or whatever the fuck this is where the home purchase price is under $75K. That guy likes to watch cuckhold genre.
Source: BusinessInsider - 🏆 729. / 51 Read more »