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Recent Articles

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Target shares fall 24.5% after it reported lower quarterly earnings, said it would absorb higher costs this year due to inflation; plunge is Target's largest since October 1987, price at US$163.45/share is company's lowest in 18 months

Hollywood Feed wins top spot in the pet care category on Newsweek’s 2022 America’s Best Retailers list; Chuck and Don’s comes in second, ousting PetSmart in third place, which is followed by Pet Supplies Plus, with Petland coming in fifth

Target's Q1 net income falls 51.9% to US$1.01B from US$2.10B; total revenue up 4% to US$25.17B from US$24.20B, with net sales up 4% to US$24.83B from US$23.88B, comp sales up 3.3% reflecting traffic growth of 3.9%, same-day services including Shipt up 8%

Target's shares fall as much as 26% to their lowest price since November 2020 after Q1 adjusted earnings came in at US$2.19/share, lower than US$3.07 expected in Refinitiv poll; company says performance was hurt by higher freight and transportation costs

Executive Perspective: Price gaps matter, and Walmart knows where to put its price gap to achieve profitable growth, says CEO C. Douglas McMillon when asked how aggressive the company needs to be on food pricing and private label in current environment

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