Walmart, discount
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The food discounts were part of 7,400 temporary price reductions during the quarter, company executives told investors.
Walmart expands associate discount card program to cover 95% of regularly priced store items, adding all food categories effective immediately.
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Walmart Inc. showcases strong growth in grocery & digital, but cautious spending & valuation risks raise concerns. Click for my review of WMT Q2 earnings.
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Walmart posted rapid sales growth and raised its outlook, reinforcing its strength in retail as shoppers face higher prices, according to The Wall Street Journal. The retail giant said grocery discounts,
It was 50 years ago, back in 1975, that Walmart created the Associate Discount Card, which gave its employees 10 percent off most general merchandise. The discount is available to all employees who have been with the company for more than 90 days. In addition, employees who work for the company for 20 years keep the discount for life.