Walmart Stock Surges on Wealthy Shoppers

This is a news story, published by MSN, that relates primarily to Walmart news.

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Why wealthy shoppers love Walmart

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Melissa Repko: Walmart's gains with upper income consumers continue to account for the majority of share gains in recent quarters .

She says Walmart has been talking more about ways to make shopping easier for all of its customers, things like dropping off purchases at people's doors.

Walmart Plus is the answer to Amazon 's Prime program and a way to get people to sign up and stick with its online shopping business.

The other companies that are at risk are regional grocers or supermarket chains owned by Kroger or Albertson's .

Despite those gains, Walmart is taking a conservative approach.

"We have to acknowledge that we are in an uncertain time and we don't want to get out over our skis here," Walmart says.

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