Target misses Q3 earnings expectations, lowers guidance

Quick Summary:

The retailer will focus on deals and value as consumers become pickier with discretionary purchases.

In contrast, rival big box retailer Walmart on Tuesday reported that its U.S.net sales rose 5%.

Cornell said Target has a strategy in place to deliver on its long-term financial goals.

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Article Details

Author / Journalist: Nate Delesline III

Category: EconomyBusiness

Markets: United StatesChinaMali

Topics: Discretionary Retailer Target Purchases Stambor Guidance Consumer Value Focus Become Deals

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-20 @ 12:12:18 (1 days ago)

News Timezone: GMT +8:00

News Source URL: retaildive.com

Language: English

Article Length: 484 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Retail Dive

News ID: 23723130

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Official Website: retaildive.com

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