Retail expert Jan Rogers Kniffen said in a recent program on Schwab Network that Walmart Inc (NYSE:WMT) is the best retailer in America and shared the reasons why he likes the stock:
“NRF just told us that last month sales were up 6% in the industry almost 7% actually well over 6%. And the prior month they were up almost 6%. We are seeing a strong consumer at this moment and whatever tariffs are getting passed through are getting absorbed right now by the consumer but it looks like only 40 to 60% are getting passed through anyway. So, stepping back and looking at Walmart, they’re the best retailer in America. They’re handling the tariffs extraordinarily well. They’ve been very careful on their pricing. Their customer service is basically perfect. Their stores look fabulous. Nobody’s even close. And I don’t see how anybody competes with them.”
Pixabay/Public Domain
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