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When inflation catches up with Walmart, Target and Co

05/20/2022 | 10:27am EDT

After technology, it was the turn of defensive stocks, especially those of the distribution sector, to take a hit. Walmart and Target, the two American giants of the distribution sector, have severely devalued after unveiling weaker-than-expected quarterly results, hampered by the rise in costs and wages.

Inflation has reached record levels: over one year, food prices have risen from 8.8% to 9.2% in the US, and gasoline prices by 48%. And while Walmart is announcing massive investments in the metaverse, we wonder: what is the point of a virtual distribution world, when physical distribution is struggling so much?

Au moins dans le monde réel on a à manger
Drawing by Amandine Victor

 


© MarketScreener.com 2022
Stocks mentioned in the article
ChangeLast1st jan.
CARREFOUR -1.73% 16.8 Real-time Quote.6.15%
WALMART INC. -0.37% 121.92 Delayed Quote.-15.43%
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