Target announces price cuts on 5,000 items to combat inflation

Shares of Target (TGT) are dropping on Wednesday morning after the company posted its first quarter report, missing expectations on revenue and revealing a 3.7% drop in comparable sales year over year. The company's results starkly contrasted those of fellow retail giant Walmart (WMT), which saw an increase in comparable sales for the first quarter year over year.
Yahoo Finance Executive Editor Brian Sozzi joins Morning Brief to discuss Target's results and the differences between the retailer and Walmart.
For more expert insight and the latest market action, click here to watch this full episode of Morning Brief.

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Видео Target announces price cuts on 5,000 items to combat inflation канала Yahoo Finance