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

📆 28/05/2022 20:36:00
📰 Forbes

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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

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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.

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