Target, Walmart Earnings Selloff Puts Retailers’ Inflation Pains on Display

Target, Walmart Earnings Selloff Puts Retailers’ Inflation Pains on Display

Inflation 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., WMT -6.79% Target Corp. TGT -24.93% and other big chains—notching some of the biggest declines since the market crash of 1987—amid fears that …

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