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Walmart raises annual forecasts betting on strong holiday shopping

Business

The retailer is among the first major U.S. chains to provide insight into the all-important holiday quarter and how consumers are planning spend as inflation ebbs. “In the U.S., in-store volumes grew, pickup from store grew faster, and delivery from store grew even faster than that,” Walmart CEO Doug McMillon said. Though inflation has not made much headway in recent months, it is on a downward trend, raising purchasing power.

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