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Pressure to pass added costs on to consumer will rise as retailers deplete inventories, especially as the peak sales season at the end of the year approaches.
Shares of Walmart ( WMT) were down 5.0% in early trading on Thursday. Target ( NYSE: TGT) shed 1.7% and Costco Wholesale ( NASDAQ: COST) traded 2.1% lower. Dollar General ( DG) was 1.6% lower in early ...
The world’s biggest retailer posted quarterly revenue of $177.4 billion — a hefty 4.8% jump that sailed past Wall Street’s $175.9 billion target.
Target also imports about half of its merchandise, compared to roughly 33% at Walmart, so it needs to raise prices at almost double the rate of Walmart to mitigate the tariff impact, Bank of America ...
US stocks open lower after a rare earnings miss from Walmart and comments from the Kansas City Fed chief that sow doubt for September rate cut.
Walmart on Thursday raised its fiscal year sales and profit forecast, driven by strong demand from shoppers across all income ...
Target CEO Brian Cornell is stepping down after 11 years at the retailer, as the company faces slumping sales and backlash to its retreat on DEI.
The company marked a milestone in May — posting its first profitable quarter for its e-commerce business in the U.S. and globally.
Now, investors have another wrinkle to consider. On Wednesday, Target replaced its CEO of 11 years, Brian Cornell — a shakeup ...