Walmart gets boost from higher earners as it posts strong quarterly results

Walmart on Thursday reported strong quarterly results, continuing to benefit from an increase in higher earners who were purchasing more groceries and discretionary items during the condensed holiday shopping period. The Arkansas-based retail giant continued to gain market share, especially from higher-income households as it added more than 150 key brands to its assortment over the past fiscal year and remodeled 650 stores. It remodeled 100 locations within the past three months.  The company behemoth repo ...