Reported 2 months ago
Target has signaled concerns over a disappointing holiday shopping season, forecasting flat sales and a lowered profit outlook for the final quarter of the year. The company reported only a 0.3% increase in sales for the latest quarter, attributing its struggles to strained middle-class customers who are prioritizing essential goods due to rising prices. This decline puts Target at risk of losing market share to competitors like Walmart and Amazon, as it continues to focus on non-essential merchandise.
Source: YAHOO