Retailers have seen a big sell-off in recent weeks as several major companies reported profits took a hit from inflationary pressures.
The retail sector has been hard-hit by a selloff in recent weeks amid warnings from major companies that surging inflation has impacted profits, and despite a rebound on Wednesday, experts predict further challenges ahead as consumer spending becomes increasingly hard to predict....
The SPDR S&P Retail ETF, which tracks the sector, gained 6% on Wednesday but remains down nearly 20% so far this month amid several big earnings misses from major companies.warned about inflationary pressures
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