Target cites weak demand for toys and electronics in the crucial holiday shopping season as the reason for sluggish sales
Holiday sales were sluggish at Target Corp., raising questions about the health of the U.S. consumer and whether the retailer’s turnaround is losing steam.
Target’s November-December sales rose 1.4% for stores and digital channels operating for at least 12 months, the company said Wednesday. It warned that growth for its full fiscal fourth quarter, which includes January, would likely fall short of the 3% to 4% gain it previously predicted.
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