Retail ETFs Slip As Retailers Shed Inventory Amid Changing Consumer Tastes
June 07, 2022 at 16:40 PM EDT
As consumers are transitioning tastes from early pandemic comfort wear to more formal attire, some retailers are taking steps to mitigate losses and dispose of excess inventory. On Tuesday big-box retailer Target reported that its profits will suffer in the immediate future, as it lowers prices on...