Wall Street Week Ahead: Investors caught in crossfire of fight for holiday shoppers
Updated : November 23, 2018 12:52 PM IST
Steep discounts are as familiar a sight during the holidays as rich desserts, but this year so is a fierce grab for a slice of the e-commerce market as Amazon.com Inc and Target Corp offer free shipping for small purchases.
Underwhelming earnings reports this week from Target to department store Kohl's Corp and home-improvement specialist Lowe's Cos Inc reminded investors that US tariffs on imported goods, fickle consumer tastes and competition could eat away at profits this year.
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