Groceries account for the biggest difference between Walmart and Target’s 3Q results
November 18, 2022
Walmart outpaced expectations in the third quarter and Target did not. The difference comes down to each chain’s grocery business. Walmart generates 56 percent of its sales from groceries and Target about 20 percent.
Recent News
Truckers File Lawsuit Against NYC Congestion Pricing
The fees will be imposed on all drivers beginning June 30.
Two Planes Narrowly Collide at Reagan National Airport
This is the second time this type of incident has occurred in two months at the same airport.
Orange Juice Prices Soar, Producers Consider Alternatives
Orange juice producers are grappling with a significant challenge as soaring prices driven by a global shortage of oranges prompt them to consider alternative fruits for making the popular breakfast beverage.
Jeep’s New Wagoneer S Trailhawk Concept Is an All-Electric SUV
Jeep has unveiled the Wagoneer S Trailhawk concept, an all-electric SUV that combines off-road capability with modern electric technology.