Retailers are gearing up for the impending holiday shopping season, and according to one analyst, Walmart (WMT) is the one most likely to dominate.
The company “has a lot of tools at its disposal to gain more wallets here, like Walmart Plus can be aggressive on price,” UBS US Hardline & Broadline and Food Retail Analyst Michael Lasser told Yahoo Finance Live (video above). “It’s got a lot of inventory. And so, I think Walmart is positioned to win over the holiday season.”
The current inflationary environment in the US, which saw the Consumer Price Index (CPI) for August hit 8.3%, has led to shoppers pulling back on spending in many categories. As a result, even the more affluent customers have turned to stores that offer lower prices.
“I think Walmart believes it has the right to win more wallet share with those consumers,” Lasser said, adding that “the implication