In the battleground for the consumer that Amazon helped create over the last 2 decades, Walmart has been fighting to keep a competitive edge
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WMT’s been on a relatively impressive run, both in positive earnings surprises and stock performance. The stock is up nearly 28% year to date and hit an all-time high above $120 a share last week. Another item worth noting: American retailers and brands took the number-two spot behind China in terms of sales on Singles Day. There had been concern from some analysts that Chinese consumers might avoid U.S. goods due to the ongoing trade war. In other words, if there’s a global slowdown and trade war happening, it’s hard to tell from these figures. The question is how much all this benefits WMT.
Questions might center around the possibility of new tariffs on consumer goods expected to take effect in mid-December. The U.S. is scheduled to levy 15% tariffs on about $156 billion of Chinese products on Dec. 15, including cellphones, laptop computers, toys and clothing, Reuters reported. Some of these items are the stuff people buy at WMT every day.
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