Walmart sees 'remarkable shift' as shopper spending per visit surges 27%
Walmart sales soared in the second quarter, with same-store sales rising 9.3% and ecommerce sales nearly doubling.
Neil Saunders, managing director of GlobalData retail, called this a "remarkable shift in the way consumers are shopping." Grocery sales have also been strong, as restaurants across the US continue to face operating restrictions due to COVID-19. "I saw some stores that were remarkably light [on inventory]. It was just — it was deeply concerning, and the team was obviously scrambling," McMillon said, describing his visits to stores early in the second quarter.
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