Walmart and Target’s profit drops may signal an imminent or ongoing recession, experts warn. June 26, 2024 6:23 am by CWR Sharing is Caring!Both Walmart and Target have experienced significant decreases in profit for their first quarters, which could signal an oncoming recession—or a recession that we’re already in, according to experts. See also More than 15,000 store closures are expected for 2025, which is double the number from 2024—not including the ongoing global restaurant apocalypse. 128 views