Walmart Inc. and Target Corp. said this week that their costs are outpacing their prices, and they’re not exactly rushing to close the gap. Wall Street’s verdict: sell.
Target sank the most in eight months on Wednesday after reporting a decline in gross margin, a broad measure of profitability that was one of the few blemishes on a strong earnings report. Walmart fell a day earlier when it disclosed similar pressure, even as the company -- like Target -- exceeded expectations for profit and sales.
Wall Street Punishes Retailers That Eat Costs, Defer Price Hikes - Bloomberg
Read More
No comments:
Post a Comment