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Walmart drew wealthier customers as prices surged. One analyst thinks the retailer can keep them.
WalmartWalmart(US:WMT) Market Watch·2024-01-11 05:15

When prices of basic necessities surged two years ago, more higher-income shoppers turned to Walmart Inc. to ease the strain on their bank accounts. Now, as those price increases start to cool, one analyst believes the big-box discount retailer WMT, +1.24% can hold onto those customers, as the chain, known for its lower prices, gains a bigger reputation for offering convenience. “A key question is if [Walmart] can maintain those customers in a less inflationary environment,” D.A. Davidson analyst Michael Ba ...