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Target, Walmart Earnings Selloff Puts Retailers’ Inflation Pains on Display
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wsj.comInflation is catching up with some of America’s biggest retailers, as their recent quarterly results were pinched by higher costs on everything from products to fuel.
Investors dumped shares of Walmart Inc., Target Corp. and other big chains—notching some of the biggest declines since the market crash of 1987—amid fears that the companies wouldn’t be able to pass along higher prices to consumers. It has also stoked concerns through financial markets about the resilience of companies that collectively employ millions of workers in the U.S. and abroad.
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