Jan Rogers Kniffen explains why Walmart (WMT) continues to gain traction with higher-income consumers despite a post-earnings stock decline. He discusses the competitive implications for Target (TGT), Amazon (AMZN), and other major retailers, including Home Depot (HD), Lowe's (LOW), TJX Companies (TJX), Ross Stores (ROST), Tapestry (TPR), and Ralph Lauren (RL). Kniffen also highlights the resilience of the U.S. consumer and the role oil prices could play in shaping retail performance through year-end.