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Another booming quarter for Walmart, but sales are slowing
Read full article: Another booming quarter for Walmart, but sales are slowingNEW YORK โ Walmart turned out another stellar quarter as the worldโs largest retailer powers through a pandemic that has felled other national chains. The U.S. on Tuesday reported the slowest monthly retail sales since the spring when the pandemic seized up the economy. Sales at Walmart stores opened at least a yearโ a key barometer for a retailer's health โ rose 6.4%. Online sales spiked almost 80% after nearly doubling in the previous quarter. That trend continued to manifest itself Tuesday at Walmart, and Home Depot as well, which reported a 23% quarterly sales surge.