November 20, 2024 – 6:32 AM PST
(Reuters) – Retailers are in for a mixed holiday season this year ahead of Black Friday and Christmas, marked by watchful consumers keeping big spending on a tight leash and vigilantly comparing prices on their mobile phones to look for the best deals on apparel, electronics and toys.
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Against this backdrop, bellwether Walmart (WMT.N) lifted annual sales and profit targets this week, and said a majority of its customers were maintaining holiday plans year over year in the midst of an election year.
Walmart has managed to gain marketshare as its ultra-low prices on groceries and a wide range of discretionary goods attract…
