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The retailer has expanded its value proposition with nearly 2,000 new price reductions on home and apparel, aiming to capture consumer spending during the holiday season.

Q2 comparable sales of 3.8 percent trounced consensus by 160 basis points, but one-time tariff benefit inflated earnings; apparel and home remain structural drags.

University of Michigan inflation expectations hit 4.3% for the year ahead, putting rate-sensitive and consumer stocks in the crossfire as earnings season resumes.