Target Stock Plunge Wipes $25 Billion As Inflation Squeezes Customers And Sends Costs Soaring—Spurring ‘Dramatic’ Earnings Shortfall

Shares of Target collapsed Wednesday after the brick-and-mortar retailer posted disappointing first-quarter earnings spurred by unexpectedly high costs that offset rising sales—spelling more trouble for the broader retail industry just one day after competitor Walmart posted its own stock-market plunge....

In a morning email, Adam Crisafulli called Target’s shortfall more “dramatic” than Walmart’s worse-than-expected, which pushed the stock down 11% on Tuesday, adding there are “clearly” industry-wide problems as food and gas inflation draw spending away from discretionary merchandise and force “aggressive” discounting to clear out products.

Could it because of woke shit they got into? What’s up with those ugly models pictures in Target? Fat, big belly .. Who are they inspiring with those.

Prices way too high

Hard to buy... when we stuck paying outrageous amounts of rent and our wage doesn't move.

Guess supporting democrat ideals and campaigns ISNT lucrative in the corporate world?

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Target Stock Plunge Wipes $25 Billion As Inflation Squeezes Customers And Sends Costs Soaring—Spurring ‘Dramatic’ Earnings Shortfall'Inflation always hits the lower-income cohorts hardest and first,' and the latest retail results suggest that's starting to happen, says one expert.
Source: Forbes - 🏆 394. / 53 Read more »

Wall Street ends sharply lower as Target and growth stocks sinkWall Street ended sharply lower on Wednesday, with Target losing around a quarter of its stock market value and highlighting worries about the U.S. economy after the retailer became the latest victim of surging prices.
Source: Reuters - 🏆 2. / 97 Read more »