The stock market is punishing Walmart and Target for keeping costs low while the rest of the corporate sector prioritizes profits and makes inflation worse
We are so sorry! We bumped into a system failure and couldn’t take your email this time.Inflation is hitting everyone hard — even the profitable retail giant Walmart.
Later on during the week, Target also reported higher profits than expected, but also reported absorbing higher costs to keep prices down for consumers. Its, with its shares falling as much as 5% because it bucked the higher-profit-margin trend. "[Inflation] means your paycheck is not going as far as it once did unless your wages are increasing at the same pace, which has not been the case for most individuals," Steven Saunders, director and portfolio advisor at Round Table Wealth Management, told CNBC in June.
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