Walmart Sales Surge as Coronavirus Drives Americans to Stockpile


Walmart Sales Surge as Coronavirus Drives Americans to Stockpile

Walmart Inc. is reaping the rewards of being one of few retailers positioned to successfully navigate a global pandemic, reporting a surge in quarterly sales as consumers turned to its giant stores to stock up on food and household goods.

The country’s largest retailer said U.S. comparable sales, those from stores and digital channels operating for at least 12 months, rose 10% in the quarter ended May 1. It was a period when the new coronavirus upended consumer buying habits, forced many competitors to temporarily close…


Source link