“Walmart Sales Surge as Wealthier Shoppers Flock to Retailer”

“…Sales rose 3.8% at US Walmart stores open at least a year for the quarter ended April 26, higher than what Wall Street was anticipating…

…“We are seeing customers trade into Walmart,” Chief Financial Officer John David Rainey said in an interview on Thursday, noting that higher-income households who were the largest cohort behind share gains in nearly every category…”

https://www.msn.com/en-us/money/companies/walmart-sales-surge-as-higher-income-shoppers-flock-to-retailer/ar-BB1muTf5

This is good for Walmart but not for the economy. Middle class is shopping like lower class. Some of those people may have chose this option but many may have been forced to due to the economy. The gap income gap is widening with those in the middle slowly falling down to the bottom.