What hasn’t changed is the willingness of Americans to spend, even with inflation hovering near four-decade highs. Costs are rising for major retailers.
New signs added to the produce section inside a remodeled Walmart store in Forney. It's one of 50 the retailer is remodeling in Dallas-Fort Worth this year.The pandemic vastly changed the way Americans spend money, and now, as they return to pre-pandemic behavior, they’re tripping up retailers again.sharply, and the latest financial report from Target underscores the challenges.
Target’s quarterly financial report comes a day after shares of rival Walmart tumbled about 17% for similar reasons after it. Both companies missed profit expectations by a wide margin. Shares of Walmart fell another 8% Wednesday. The behavioral change among American consumers is broad and has adversely affected companies that logged massive profits during the past two years.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
What Walmart, Target, Home Depot and Lowe's tell us about the state of the American consumerWhat Walmart, Target, Home Depot and Lowe's tell us about the state of the American consumer.
Consulte Mais informação »
2022 NHL draft: Scouting the defensemen the Flyers could target with pick No. 5Šimon Nemec and David Jiříček are widely considered the top two defenseman in the 2022 draft if the Flyers opt to go defense first.
Consulte Mais informação »
What Walmart, Target, Home Depot and Lowe's tell us about the state of the American consumerWhat Walmart, Target, Home Depot and Lowe's tell us about the state of the American consumer.
Consulte Mais informação »
A Brutal Mockery of Influencers and Billionaires Seduces CannesFilmmaker Ruben Östlund has shifted his satirical gaze from the art world (‘The Square’) to that of influencers and the one percent in ‘Triangle of Sadness’—with dazzling results.
Consulte Mais informação »
Democrats tout ‘historic’ investment in midterm ads targeting Latino votersDemocrats are ramping up spending on ads targeting Latino voters, investing “presidential-level” sums as they seek to make headway with a voting bloc increasingly drifting rightward ahead of the midterm elections.
Consulte Mais informação »