Walmart Boosts Full-Year Sales Outlook with E-Commerce Focus

27 days ago

Tom Keane with Paul Sweeney and Bloomberg's Lisa Matteo

"Walmart. Their shares have been fluctuating, now up as much as 4%. We've heard concerns from other retailers as consumers are pulling back, but Walmart increased its outlook for sales for the full year. The company is seeing higher costs, yet they say they're feeling good about the business overall, with ecommerce emerging as a bright spot by broadening delivery areas and lowering shipping costs to compete with Amazon, even drawing in more affluent online shoppers."

The commentary on Walmart notes an improved full-year sales outlook and a strong e-commerce strategy as the company refines its operations and competes more effectively with Amazon. Despite higher costs, the ability to attract a more affluent customer base online provides a positive, albeit cautious, outlook.

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