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
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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Source: nbcchicago - 🏆 545. / 51 Read more »