Target's Profit Cut: Cautious Spending & Leadership Changes
Update: 2025-11-19
Description
Targets full-year profit forecast is cut due to a predicted slow holiday shopping season, as consumers grapple with rising costs. The retail giant reports a decrease in customer transactions and sales in non-essential departments, reflecting a shift towards necessities. Target plans to improve stores and cut prices on essential items, but faces skepticism from financial analysts due to slowing digital sales, increased tariff exposure, and leadership changes.
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