Deeper Than Expected Black Friday Discounts Stoke Retailer Margin Angst
November 28, 2022 at 11:40 AM EST
Deeper than expected Black Friday discounts have shifted the focus to profit margins, adding insult to injury to a sector that was already headed into year-end as one of the worst-performers in the S&P 500, with companies such as Target and Best Buy having shocked investors by slashing forecasts in recent weeks. To be sure […] Source