Walmart Is Grabbing Market Share

Walmart enjoyed a 1.6 percent increase in sales in the past quarter, compared to 1.2 percent from Dollar Tree, 0.7 percent at Dollar General and a 1.1 percent decrease at Target.

Walmart also enjoyed its seventh consecutive quarter of increased traffic, while dollar stores saw a drop in sales and Target saw its first decline in store traffic in about a year-and-a-half, according to CNBC.

Although Walmart is renowned for its low prices, Target appears to be trying to counter its advantage by offering lower prices on non-grocery items.

But a recent study by research firm Jefferies found that Walmart widened the “price gap” between itself and stores like Dollar General, Family Dollar and other grocery stores.