Walmart’s long-lasting challenge: luring budget shoppers back to its stores

Walmart's long-lasting challenge: luring budget shoppers back to its stores

Aug 11 (Reuters) – Walmart Inc (WMT.N) could face an uphill battle to reclaim US shoppers who opted for the neighborhood dollar store or Aldi rather than driving farther to a Walmart Supercenter when gasoline was $5 a gallon. While gasoline prices have dropped nearly 20% over the past month, there are no signs shoppers … Read more

From burgers to bleach, stressed consumers buy cheap

From burgers to bleach, stressed consumers buy cheap

NEW YORK/LONDON July 26 (Reuters) – Some global consumers are showing signs of cracking, as shoppers stressed by record inflation stick to buying basics like food, bleach, cheap burgers, while those with bigger bank accounts are snapping up $50,000 pickup trucks. Investors are closely watching corporate results for signs economies are headed toward recession. But … Read more