Virus-induced spending spurs sales at Home Depot, Walmart
August 19, 2020
NEW YORK (AP) — Americans turned to Walmart and Home Depot for supplies and do-it-yourself projects as they stayed close to home at a time when new cases of virus surged, resulting in soaring sales for their fiscal second quarter.
Walmart's online sales nearly doubled in the fiscal second quarter, helped by an expansion of its online delivery services. Sales at U.S. locations opened at least a year jumped 9.3%, the company reported Tuesday. With customers not going out to eat as much, they're cooking at home, spurring sales of groceries. They're also buying items to set up their home off...