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Profit slide at Target hints at meager holiday season for the retailer
Yahoo Finance· 2025-11-19 11:53
NEW YORK (AP) — Target’s third-quarter profit tumbled as the retailer struggles to lure shoppers that are being pressed by stubbornly high inflation. The Minneapolis company said Wednesday that it expects its sales slump to extend through the critical holiday shopping season. Investors have punished Target’s stock recently, sending it down 43% over the past year. Shares edged lower before the opening bell. Turning around the 19% profit slide in the most recent quarter is the latest challenge to incoming ...