Target Says Holiday Sales Missed Its Forecasts

  • 📰 WSJ
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 63%

United States Headlines News

United States Latest News,United States Headlines

Target cites weak demand for toys and electronics in the crucial holiday shopping season as the reason for sluggish sales

Holiday sales were sluggish at Target Corp., raising questions about the health of the U.S. consumer and whether the retailer’s turnaround is losing steam.

Target’s November-December sales rose 1.4% for stores and digital channels operating for at least 12 months, the company said Wednesday. It warned that growth for its full fiscal fourth quarter, which includes January, would likely fall short of the 3% to 4% gain it previously predicted.

Source: Healthcare Press (healthcarepress.net)

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Target reported holiday sales much lower than anticipated. equilarinc notes that CEO Brian Cornell earned $17,204,069 in 2018. This was a 105% increase from the previous year, and 767 more than the 2018 median Target employee wage. $TGT CorpGov Source:

Theresa144 THAT’s the best picture they got? Lol

People get hand me downs and Pick up & reuse throw away good bikes,toys ...on the verge in ‘rich’ Australia...people moving on from buying cheap mass produced crp

I'm sure it had nothing to do with their political stance...

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Target stock price falls 7% on weak holiday sales, cut forecast - Business Insider'We faced challenges throughout November and December in key seasonal merchandise categories,' said Brian Cornell, CEO of Target.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Target shares plunge as holiday sales miss estimates on weakness in toys and electronicsTarget said Wednesday that its 2019 holiday sales missed expectations, due in part to weakness in toys, electronics and home.
Source: CNBC - 🏆 12. / 72 Read more »

Costco proves why it's Amazon-proof as stores like Target and Macy's struggle - Business InsiderCostco is known for being one of the few retailers to have successfully staved off the threat of Amazon.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Spend $100 on Baby Items at Target, Get a $30 Gift CardIf you spend $100 on baby items at Target, you get a $30 gift card. Here are some easy ways to stock up on necessities and get mad money to spend.
Source: CafeMom - 🏆 701. / 51 Read more »

Senators target China's 'exit bans' as Americans continue to be held by BeijingA group of bipartisan senators on Wednesday introduced legislation aimed at punishing Beijing for blocking American citizens from leaving that country, on the same day that the White House signed an initial trade deal with China Has everyone forgotten they're communists? That's what freaking communists do, yet we keep treating them like friends. Their entire coastline is militarized. They have a base in the Bahamas. We're selling them rice to stockpile. They're coming for us. We're idiots. Good. They are held hostage which are common dirty trick BoycottChina antichinazi
Source: CNN - 🏆 4. / 95 Read more »

Australian government used public funds to target marginal electorates: auditorAustralia's conservative government used a A$100 million ($69 million) spor... Just like every other election So - which party in the world has never done that!
Source: Reuters - 🏆 2. / 97 Read more »