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Benzinga
Benzinga
Business
Adam Eckert

Why Walmart Stock Is Falling Today

Walmart Target Target Corp Walmart Inc WMT

Walmart Inc (NYSE:WMT) 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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