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Why Walmart Is Going After Wealthy Shoppers
Posted
February 20, 2025
Views
600,993
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6,411
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1.34%
February 20, 2025
600,993
6,411
1,625
1.34%
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Walmart is known for its low prices and no frills approach. So it may come as a surprise that wealthier shoppers are helping to fuel the retailer’s growth. For more than two years, the discounter has noticed more customers with six-figure incomes shopping on its website and in its stores. Households earning more than $100,000 made up 75% of the company’s market share gains in the fiscal third quarter, Walmart CEO Doug McMillon said on the company’s earnings call in November.
Chapters:
Reporting by: Melissa Repko
Edited by: Andrea Miller, Nic Henry, Darren Geeter
Shot and produced by: Natalie Rice
Senior Managing Producer: Tala Hadavi, Shawn Baldwin
Additional footage: Getty Images, Walmart
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Why Walmart Is Going After Wealthy Shoppers
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