Wholesale chains, including Walmart, Target, Costco, Sam's Club, and BJ's Wholesale, have seen an increase in store visits during the first quarter of the year. Sam's Club reported a 6.1% year-over-year increase in visits, outperforming classic superstore banners such as Target and Walmart. In specific states like Arkansas, Mississippi, Kentucky, West Virginia, and Wyoming, Walmart accounted for 4 out of every 5 visits to these superstore chains. Foot traffic data also showed that Walmart experienced a 3.9% increase in visits year-over-year. Major retailers are seeing positive momentum as consumers seek value, with Walmart's Q1 earnings expected to reflect this trend. Wall Street anticipates Walmart's earnings, considered a bellwether for consumer spending, to be released on Thursday.
Foot traffic data reveals visits to Walmart are up 3.9% and Sam's Club up 6.1% year-over-year. Analysis of retail giants' earnings is currently underway. #RetailNews $COST $HD $LOW $TGT $WAL $WMT
Walmart’s Earnings Are a Bellwether for Consumer Spending. Tune in Thursday. https://t.co/umV2pzM0nw
Walmart Q1 earnings preview: Wall Street expects positive momentum as consumers seek value https://t.co/jdLWsOUrbv by @BrookeDiPalma
In a handful of states – including the retailer’s home state of Arkansas along with Mississippi, Kentucky, West Virginia, and Wyoming – 4 out of every 5 visits to the five superstore chains (Target, Walmart, Costco, Sam’s Club, and BJ’s) analyzed go to @Walmart.
🇺🇸 Major retailers see store visits rise in Q1 https://t.co/miAJzge41V
Wholesale chains – which receive about 20% of all visits to @Walmart, @Target, @Costco, @SamsClub, & @BJsWholesale – outperformed classic superstore banners Target & Walmart during the first four months of the year. Q1 visits to Sam’s Club was up 6.1%, on a YoY basis. $WMT