Walmart maintains growth in Q3 as inflation takes hold

Sam's Club comp sales (excluding fuel) increased 13.9%, and e-commerce sales rose 32%. * The retailer won market share in grocery in the U.S. amid the highest inflation level in 30 years. Price-conscious consumers may have turned to low-price retailers like Walmart and Aldi to prevent overspend...

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Bibliographic Details
Published inRetail Dive
Main Author Monteros, Maria
Format Trade Publication Article
LanguageEnglish
Published Washington Industry Dive 16.11.2021
Subjects
Consumers
Retail stores
Sales
Supply chains
United States > US
Online AccessGet full text

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Summary:Sam's Club comp sales (excluding fuel) increased 13.9%, and e-commerce sales rose 32%. * The retailer won market share in grocery in the U.S. amid the highest inflation level in 30 years. Price-conscious consumers may have turned to low-price retailers like Walmart and Aldi to prevent overspending on their food budget. Thanks to its store coverage, visibility and wide range, Walmart is in a better position than low-price rivals to make gains, Neil Saunders, managing director of GlobalData, said in emailed comments.