Consumer spending wasn’t particularly strong last month, and Walmart will be raising prices soon, clearing the way for other retailers to do the same.
Its quarterly report shows ad sales, membership income and its third-party marketplace expanded. Their margins may help keep store prices low.
December saw a 0.4% monthly gain and November was revised up. Less well-off consumers kept up with the aid of credit cards or savings accounts.
Retail sales growth was the highest in eight months in October, but the property slump continues.
Web retail requires no mall Santas or displays, and shoppers easily compare prices online, so the messaging starts around Oct. 1, experts say.
We’re barely out of Halloween, yet retailers are keen to get the holiday shopping season started.
The bargain retailer has struggled for years in the shadow of its two biggest imitators: Target and Walmart.
Analysts say there’s still room for growth in the category, though most purchases are still made in person.
About 20% of retail sales are online these days.
It’s targeting Target.