Business at Walmart is brisk these days…and that’s a big problem. The better things go for the company especially at the grocery department the worse you know it is in the economy. And the big retailer just put up robust results because it isn’t just struggling Americans coming in to shop, Walmart is now getting tons of business from high-income earners, too, because now they’re struggling. Not exactly the soft landing signal we’d hoped.
Eurodollar University’s conversation w/Steve Van Metre
NY Post Wealthier customers flock to Walmart to boost retailer’s sales in strong Q1 earnings
https://nypost.com/2024/05/16/business/wealthier-customer-flock-to-walmart-to-boost-retailers-sales-in-strong-q1-earnings/
Bloomberg Why We Can’t Shake the Vibecession, Even in the Face of Good News
https://www.bloomberg.com/news/newsletters/2024-05-16/high-prices-and-phantom-debt-why-we-can-t-shake-the-vibecession
https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU