Hormuz's Hidden Tax: Discount Retailers Haven't Paid for the Diesel Shock Yet, Bank of America Warns
Bank of America cuts TJX, Ross and Burlington targets, saying record diesel costs will hit margins when trucking contracts renew in April.
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Why It Matters
Truck fuel costs just hit record highs. When these stores renew delivery contracts in April, their profits will shrink because fuel is so expensive.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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