Walmart's commitment to low prices makes it a go-to for consumers when the economy hits a rough patch. Consumers bail on higher-end retailers and turn to Walmart when money is tight.
Walmart is reportedly gaining a growing amount of online business in New York City. The retailer is making these gains even as it has been blocked from building physical stores in the city due to opposition from labor unions and activists, the Financial Times reported Thursday (Dec. 25).
TJX stock has not experienced a negative annual return in stock price for 16 consecutive years. Walmart is the world's largest retailer by revenue, and its stock isn't going anywhere anytime soon.
Walmart recently moved from the New York Stock Exchange to the Nasdaq, a move showing it wants to be seen a tech-forward company. Costco continues to cultivate loyalty, with more than 81 million members.
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