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Walmart Draws More Shoppers, Helping to Bolster the Economy



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Walmart, the largest retailer in the United States, on Thursday reported stronger-than-expected growth in sales and profit as it attracted more shoppers willing to open their wallets, a sign that consumer spending, the engine of the U.S. economy, remains resilient.Walmart’s results capped a week of major retailers opening their books, including Home Depot, Target and TJX, which owns T.J. Maxx and Marshalls. Home Depot and Target reported declines in their latest quarterly sales, while TJX’s off-price retailers reported a bigger-than-expected rise in sales and the company revised its forecast for the full year higher, like Walmart.The earnings offer a glimpse into consumers’ purchasing habits as they continue to navigate stubborn inflation and shift their spending from goods like furniture and electronics to ser …

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