Walmart sales boosted by US stimulus cheques
Al Jazeera
Walmart posted better-than-expected results for the first three months of this year, as Americans flush with stimulus cheques boosted sales.
Walmart raised its annual earnings forecast on Tuesday after delivering better-than-expected results in the first quarter that showed shoppers, flush with United States government stimulus payments, splurged on clothing as well as lawn and garden items. Sales at stores opened at least a year rose 6 percent, slowing from the 8.6 percent increase during the fiscal fourth quarter. But that topped last year’s 10 percent spike when Walmart turned into a coronavirus pandemic lifeline for millions of people. Online sales rose 37 percent, down from 69 percent during the fourth quarter. “Our optimism is higher than it was at the beginning of the year,” said CEO Doug McMillon. “In the US, customers clearly want to get out and shop.”
Global lender says it will release about $333m to crisis-hit nation as signs of economic recovery emerge.
At least four people have been killed in the attack on the Basta neighbourhood, according to the Health Ministry.
A series of unexplained incidents causing damage to pipelines and cables in the Baltic Sea has occurred in the past two years. Could this be a new form of underwater warfare?
The hedge fund manager will be responsible for implementing president-elect’s pledges to cut taxes and raise tariffs.
Cola Gaza offers its drinkers an ‘apartheid-free’ alternative as they boycott big-name brands.
These were the key developments on the 1,003rd day of the Russia-Ukraine war.
Defectors from Myanmar’s military and police are learning skills that could put them on a new path after years of war.
World Health Organization says 226 health workers, patients killed in Lebanon since start of Israel’s war on Hezbollah.
UN health agency says its decision is ‘based on the rising number and continuing geographic spread of cases.’
In a new interview, the scandal-plagued Gaetz reaffirmed his commitment to being a member of Trump’s ‘America First army’.