Shares of other retailers such as Gap Inc GPS.N, Kohl's Corp KSS.N, Nordstrom Inc JWN.N, Costco COST.O, Best Buy BBY.N, Macy's Inc M.N and Dollar General Corp DG.N dropped between 4.1% and 6.4%. Target Corp's TGT.N first-quarter profit halved and the retailer warned of a bigger margin hit due to rising fuel and freight costs, sending its shares sliding 24.1%. Uncertainty about Fed policy moves has weighed on the markets recently, that is already reeling from concerns about a global economic slowdown due to the conflict in Ukraine, soaring inflation, prolonged supply chain snarls and pandemic-related lockdowns in China.