While Walmart WMT.N and Target TGT.N earlier this week reported that store traffic was still strong, high inflation ate into their profits. Ross shares were down 24.4% at $70.06 after falling as low as $69.75 after the discount apparel retailer cut its 2022 same-store-sales estimate to a decline of 2%-4% versus an earlier flat-to-up 3% target. With fuel and freight costs still rising and supply chains still disrupted Mona Mahajan, senior investment strategist at Edward Jones, sees sector-wide repercussions.