HSBC named Walmart its favorite of a group of seven U.S. retailers in a new report on Friday, and said Dollar General Corp. is its least favorite.
HSBC named Walmart its favorite of a group of seven U.S. retailers it initiated coverage of in a new report on Friday, saying Dollar General Corp. is its least favorite.
“In our view, retailers with the best offline-to-online, or O2O, strategies will be the leaders in this environment,” said analysts Daniela Bretthauer and Guilherme Domingues. As high inflation squeezes household budgets, consumers are spending more carefully, but of course, groceries remain a priority.
Read also: Lower-income households ‘are acting recessionary today.’ JPMorgan gives Dollar General its worst rating after company presentation See also: Dollar-store stocks slide and UBS says Chinese discount websites may be their next challenge
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