Walmart launches new grocery brand, as it tries to hang on to inflation-fueled growth

In the most recent fiscal year that ended in late January, Walmart's net sales for groceries in the U.S. rose nearly 7% year over year to $264.2 billion.Walmart's large food business has helped it drive store and online traffic , especially as customers have watched their discretionary spending during a period of high inflation. And its low-priced reputation has helped the company attract higher income grocery shoppers as inflation pinches budgets.Walmart is already the country's largest grocer by revenue. ...