Target Earnings Squeezed by Slowdown in Sales

May 17, 2023 6:31 am ETAbout 75% of the U.S. population can find a Target store within a 10-mile radius.

WSJ’s Sarah Nassauer explains how the retailer leverages its physical stores to grow services like in-store pickup and same-day shipping. Photo Illustration: Ryan Trefessaid sales growth stalled and profits fell in the most recent quarter as shoppers continued to cut back on nonessential items and costs rose.Continue reading your article with

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Target earnings on deck as discretionary spending looms large for the retail giantAnalysts are expecting Target to see a slowdown in discretionary spending when the retailer reports first-quarter results Wednesday.
Source: MarketWatch - 🏆 3. / 97 Read more »

Why Home Depot's weak outlook could be a warning sign for Target earningsHome Depot signaled that consumers are pulling back on discretionary spending even during the busier spring season.
Source: CNBC - 🏆 12. / 72 Read more »

Fulton Market apartment market heats up, but slowdown could be on the wayFulton Market has emerged as one of the nation’s hottest office markets, residential towers are now rising alongside its office buildings
Source: ChicagoBreaking - 🏆 521. / 51 Read more »

Tech stocks could tumble as earnings recession sets in: Morgan StanleyTech stocks aren't immune to economic pain - and could be the next domino to fall, Morgan Stanley advisor says
Source: BusinessInsider - 🏆 729. / 51 Read more »