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Gas Prices, Inflation Make Even Walmart Too Expensive As Foot Traffic Tumbles
Summary by Ground News
Foot traffic fell an average of 2.7% at U.S. Walmart locations, which include 3,573 Supercenters and 370 discount stores, compared to the same time last year. Aldi saw foot traffic rise 11.5%, while Dollar General saw a 4.1% increase in foot traffic. Walmart has been struggling in recent months with falling profits that led to the layoff of approximately 200 corporate workers.