Walmart’s weakest shopper is who Amazon is racing to serve with automation

Walmart’s stock (WMT) fell roughly 10% in the week after its second-quarter results, and sell-side analysts spent the days that followed cutting price targets even as they kept their ‘Buy’ ratings. Underneath that reaction sits a narrower, more specific story than “the consumer is weak”: a pricing-driven pullback among Walmart’s lowest-income shoppers is colliding, almost by coincidence, with the Read full article →