Retailers grapple with changing economic landscape

Published June 9, 2022 12:00am ET



Major retailers have been forced to adjust as uncertainty and changes in consumer shopping habits are molded by the country’s soaring inflation and emergence from pandemic-era restrictions.

Target recently announced it is slashing prices on specific items and predicting worse short-term profits as inflation swirls and demand for various goods changes. That comes after the retailer reported lower-than-anticipated profits just weeks earlier.

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