News Formal

Retail Stocks Rebound But ‘Feast-Or-Famine Environment’ May Persist Amid Shift In Consumer Spending, Experts Warn

  • 📰 Forbes
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 53%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Retailers have seen a big sell-off in recent weeks as several major companies reported profits took a hit from inflationary pressures.

The retail sector has been hard-hit by a selloff in recent weeks amid warnings from major companies that surging inflation has impacted profits, and despite a rebound on Wednesday, experts predict further challenges ahead as consumer spending becomes increasingly hard to predict....

The SPDR S&P Retail ETF, which tracks the sector, gained 6% on Wednesday but remains down nearly 20% so far this month amid several big earnings misses from major companies.warned about inflationary pressures

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

Yes. It's called bleeding the turnip dry. FFS

Poor Walmart. Instead of making 20 billion in profits they only made 18 billion in profits. The struggle is real lmao.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 394. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Stocks Making the Biggest Moves Midday: Ulta Beauty, Big Lots, Autodesk, Workday and MoreThese are the stocks posting the largest moves in midday trading.
La source: nbcchicago - 🏆 545. / 51 Lire la suite »