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Target followed that pattern in the second quarter. E-commerce sales rose 24% for Walmart U.S. in the second quarter. Both retailers pointed to curbside pickup as a major driver of online sales — a key differentiator from competitor Amazon. Walmart chalked up online sales gains to store pickup and delivery, as well as more advertising revenue. Sales of frequency categories, such as food and beauty items, weren't enough to offset weaker discretionary sales at the retailer.
Persons: Rainey, Christina Hennington, That's, Target's Hennington, Taylor Swift, Stanley tumblers, Chip, Joanna Gaines Organizations: Wal, Rogers, Getty, Walmart, Walmart U.S, Amazon Locations: Rogers , Arkansas, Tenleytown, Washington, DC
Advance Auto Parts — Advance Auto Parts tumbled 16.3% after reporting lower-than-expected quarterly earnings after the bell Tuesday. Lowe's said the company, unlike Target, is not seeing negative inflation impact on sales. O'Reilly Automotive — Shares automotive parts retailer added 2% after the company upped its share repurchase program by $1.5 billion. Oscar Health — The insurance stock added 1.9% after Wells Fargo upgraded the stock to overweight, saying shares can rally nearly 40% going forward. Lincoln National — Shares added 2.1% following an upgrade to a buy rating by Goldman Sachs.
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