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Target posts bigger-than-expected drop in quarterly sales, readies for key holiday period
Reuters· 2025-11-19 11:31
Core Insights - Target reported a larger-than-expected decline in quarterly comparable sales, indicating a significant pullback in discretionary spending by cash-strapped U.S. consumers [1] Company Summary - The decline in sales was primarily driven by reduced consumer spending on apparel and home decor, reflecting broader economic challenges faced by consumers [1]