Retail Brew: By some measures, Walmart is outpacing Target in the post-pandemic economy
Read the full article on Retail Brew.
Excerpt:
Walmart and Target have weathered many of the same challenges in the post-pandemic economy, from excess inventory to inflation-squeezed customers. But Q2 earnings released this week show their paths diverging to some degree.
Just looking at the topline numbers, Walmart US comparable store sales jumped a better-than-expected 6.4% YoY in the second quarter, while Target’s comp sales declined a worse-than-expected 5.4% YoY.
The disparity was even greater when it came to digital sales: Walmart gained a whopping 24% and Target fell 10.5%.
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