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Will Walmart Keep Its Rich Customers? The Challenges That Lie Ahead.

Will Walmart Keep Its Rich Customers? The Challenges That Lie Ahead.

Higher-income shoppers helped Walmart notch another blockbuster quarter. Former Walmart U.S. CEO Bill Simon suggests it could be. While attracting affluent shoppers amid high inflation and a volatile economy is easy, retaining them once economic conditions improve is harder, he cautioned.