The overall stock market has been struggling with the Dow Jones Industrial Average heading for its eighth straight losing week. For retail stocks including Target (NYSE: TGT) , Costco Wholesale (NASDAQ: COST) , and Kohl's (NYSE: KSS) , this past week has been the worst of them all. As of Friday midmorning trading, Target shares had dropped a whopping 30% for the week. The stocks of Costco and Kohl's were both down about 16%, according to data provided by S&P Global Market Intelligence .
These moves came after both Target and Kohl's reported first-quarter results this week. Both retailers badly missed expectations for bottom line net income. That came from a combination of rising costs and supply chain disruptions , along with a changing consumer environment.
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Why Target, Costco, and Kohl's Stocks Got Pummeled This Week