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Benzinga

Business

Adam Eckert

Why Costco Stock Is Sliding Today

Costco Target Costco Wholesale Corp Nasdaq NYSE Target Corp

Costco Wholesale Corp (NASDAQ:COST) shares are trading lower alongside several retailers in sympathy with Target Corp (NYSE:TGT), which announced an inventory optimization plan that will result in additional second-quarter costs.

Target is planning to take several actions in the second quarter, including additional markdowns, removing excess inventory and canceling orders.

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One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

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