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Target’s Stock Tumbles Upon Weak Sales Report

target’s-stock-tumbles-upon-weak-sales-report
Retail

Target’s Stock Tumbles Upon Weak Sales Report

Target on Wednesday missed Wall Street’s quarterly earnings and revenue expectations and posted only a slight uptick in customer traffic, despite the discounter’s price cuts on thousands of items and its early holiday sale. The big-box retailer reversed course and cut its full-year profit guidance, just three months after hiking that forecast. Target now expects fourth-quarter […]