Upscale Sales, Including CE, Rise at Walmart

Upscale Sales, Including CE, Rise at Walmart

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Walmart’s efforts to sell more products to higher-income customers are apparently bearing fruit.

According to a Reuters report, the company’s COO, Bill Simon, this week told a Morgan Stanley conference that wealthier customers are buying bigger-ticket items along with groceries and other necessities, such as electronics products from Apple, Samsung, Sony and other brands. As a result, in-store traffic has increased among customers of all income levels.

Simon told the conference that higher-income consumers are responding well to such changes as cleaner stores and less-cluttered shelves.

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