Target Predicting Weak Holiday Sales As Consumer Angst Weighs On Season

ToplineThe holiday season isn’t expected to be a bright one for Target this year after the retail giant reported tumbling third quarter profits and said it expects to see sales slump in the coming months, underscoring broader concerns about consumer spending heading into the holidays. A view of a Target store on March 5, 2025 in Novato, California.Getty ImagesKey FactsTarget, which saw its CEO step down in August before saying it would cut about 1,800 corporate jobs in October, on Wednesday said it expects ...