WMT Sep 2024 38.330 put
| Previous Close | 0.0600 |
| Open | 0.0600 |
| Bid | 0.0100 |
| Ask | 0.1900 |
| Strike | 38.33 |
| Expire Date | 2024-09-20 |
| Day's Range | 0.0600 - 0.0600 |
| Contract Range | N/A |
| Volume | |
| Open Interest | 756 |
- Yahoo Finance Video
Dollar stores struggle despite value-conscious consumers
Dollar Tree (DLTR) has disclosed it is exploring a potential sale or spin-off of Family Dollar as the company struggles with weak consumer demand. Forrester Research Retail Analyst Sucharita Kodali joins Wealth! to discuss the state of the consumer as inflationary pressures continue to pose a challenge. "The consumer has been feeling really down about the economy for a long time, pretty much since inflation has been prevalent ... But the irony is that retail spending is at a record high, and consumers for a long time were spending at the level of inflation and then some," Kodali explains. She adds that recent data has shown retail spending cooling, which could indicate that "the consumer is finally probably at their saturation point with respect to spending on some of these discretionary goods in particular." Kodali notes that Walmart (WMT) and warehouse clubs are performing well due to a value-conscious trend among consumers. However, Dollar Tree is falling behind as the dollar channel is "incredibly saturated." She adds that the chain's stores need renovations and maybe even location changes to perform better. The company may not be willing to make these investments, she explains, which is why it is exploring a potential sale. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Melanie Riehl
WWDWalmart Plays Up Employees’ Pay, While Shareholders Strike Down Several Proposals
Executives said Walmart's average hourly wage is nearly $18.
CNN BusinessWalmart starts bonus program for hourly workers
Walmart, America’s largest private-sector employer, is starting a bonus program for its hourly employees.
