Walmart sales soared as shoppers spent their stimulus checks

Walmart's sales at US stores open for at least one year increased 9.3% to $93.3 billion during the three months ending on July 31, compared with the same stretch last year. Walmart's online sales boomed, growing 97%. Walmart's profit increased 79.4% to $6.4 billion.The company, the largest retailer in the world, was deemed an"essential" retailer and stayed open throughout the pandemic, even as other retail chains and restaurants shut their doors.

As the stimulus tapered off in July, sales growth slowed down slightly, Walmart said.Walmart used to be a haven for RV parking, but more stores won't allow itWalmart's investments in e-commerce paid off last quarter. To compete with Amazon, Walmart had built out its curbside pickup and home delivery network for groceries in recent years. Walmart has 3,450 store pickup locations, and 2,730 stores offered same-day grocery delivery.

ChristineRomans Such a lie. People HAVE to shop CHINAMART because they made us THAT POOR. And they wernt worrying about electronics and gardens. They used it to pay off BACK BILLS from being broke due to ridiculous INFLATION RATES worse since the 30's!!

ChristineRomans Makes sense. Furloughed, sitting on the couch watching TV, you look out the window and say hey.. my grass looks like shit! What else can you do to keep from going crazy?

ChristineRomans Also there were no shootings in a Walmart store during that period, which is always good for business.

ChristineRomans BidenHarris2020

ChristineRomans Because it was safer gathering at Walmart then it was at all the small businesses we destroyed over Q2 🙄

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.

Walmart sees 'remarkable shift' as shopper spending per visit surges 27% - 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. Does this reflect a shift in amount purchased or a shift in the pricing. Grocery prices have certainly shot up
Source: BusinessInsider - 🏆 729. / 51 Read more »

Walmart says government stimulus money bolstered Q2’s blowout results and analysts are concerned now that it’s been spentGovernment stimulus money helped Walmart in the most recent quarter, but now that it’s been spent, business performance could decline. I didn't spend a dime of that money Walmart. I wonder if the unemployment helped pay for the Walton's 25 billion pay day last week? 🤔🤔
Source: MarketWatch - 🏆 3. / 97 Read more »