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Canadian government officials turn their focus to Walmart and Costco after Loblaw signs on to the government's grocery code of conduct, which aims to set guidelines for fair dealings between suppliers and grocers, as well as help with pricing

TD Cowen names Walmart 'top pick,' as it caters to 'both the needs and wants' of customers; Walmart has opportunity to become more of a lifestyle brand with apparel, and does a better job than Target with basic items like underwear and basic clothing

Walmart’s new grocery private brand Bettergoods leans into the retailer’s reputation for low prices, but also aims to appeal to consumers across income brackets, says Walmart President and CEO Doug McMillon

Walmart’s US advertising business Walmart Connect reports 26% year-over-year growth in its fiscal Q1, with its global advertising business seeing a 24% rise

Commentary: Walmart beat expectations by winning over high-income shoppers through new trendier products, faster delivery of online orders; some stores already tailored to affluent consumers, such as selling more books and organic products

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