Walmart profit warning drags retail stocks as consumers cut spending
U.S. retailers tumbled on Tuesday after a forecast cut from industry bellwether Walmart Inc stoked fears of similar warnings from a sector struggling with the impact of high inflation on consumer spending. Online retailer Amazon dropped 2.8%, while Nike Inc fell 2.4%. Kroger, Best Buy, Costco , Target, TJX Companies, Lululemon and Home Depot slid […]
Walmart profit warning drags retail stocks as consumers cut spending
U.S. retailers tumbled on Tuesday after a forecast cut from industry bellwether Walmart Inc stoked fears of similar warnings from a sector struggling with the impact of high inflation on consumer spending. Online retailer Amazon dropped 2.8%, while Nike Inc fell 2.4%. Kroger, Best Buy, Costco , Target, TJX Companies, Lululemon and Home Depot slid […]