Hot dogs vs deli meat; rising costs shape choices at Walmart
Hot dogs vs deli meat; rising costs shape choices at Walmart
With inflation hovering near levels not seen in 40 years, higher income Americans turned to Walmart to cut costs on groceries while its lower income customers swapped out deli meats for less expensive hot dogs and canned tuna.
That boosted sales for Walmart in the second quarter, the company reported Tuesday, but the downward shift at almost all points along the social spectrum cut into profit…
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