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Walmart, Best Buy, and other retail giants plummet as Trump tariffs bite [Yahoo! Finance]
Last walmart inc. earnings: 2/18 06:00 am
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US:NYSE Investor Relations: stock.walmart.com/investors/default.aspx
The initial 10% tariff will kick in this Saturday, April 5. Other retailers, including Dollar General ( DG ), Dollar Tree ( DLTR ), Target ( TGT ), and Best Buy ( BBY ), are also taking a hit . Suffering the most damage thus far is Five Below ( FIVE ), whose shares plummeted over 20%, and Best Buy , which saw a nearly 12% drop. Retailers are bracing for the fallout, with many executives warning that rising costs could push prices higher for consumers. Retail giants like Walmart Costco , and Target are reportedly racing to shift the tariff burden onto their Chinese suppliers, a move that could help them absorb some of the financial pressure . However, suppliers operating on razor-thin margins may pass those costs back to U.S. companies, potentially leading to higher prices for consumers on everyday items like fruits, vegetables, electronics, and apparel. Walmart ( WMT ), Best Buy, and Target have already indicated they may raise prices should tariffs take effect. The National Ret
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- Costco sees major shift in member behavior [Yahoo! Finance][Yahoo! Finance]
- Get a $20 Sam's Club membership deal + Instant Savings now [USA TODAY][USA TODAY]
- Trump tariffs: Small businesses take on high-interest rate loans to cover new costs [CNBC][CNBC]
- Woman accused of hiding razor blades in bread loaves at Walmart stores [USA TODAY][USA TODAY]
- FTC claimed Walmart got unfair pricing advantages from PepsiCo [Yahoo! Finance][Yahoo! Finance]
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