Target Corp forecast a surprise drop in holiday-quarter sales on Wednesday, blaming surging inflation and 'dramatic changes' in consumer spending for a drop in demand for everything from toys to electronics.
Q3 adj. EPS halves to $1.54 vs. estimates $2.13Nov 16 - Target Corp
Target said it would launch a cost-cut plan to save $2 billion to $3 billion over three years, but declined to disclose specific details. It, however, said mass layoffs or a hiring freeze are not part of its current plans. A Target shopping cart is seen in front of a store logo in Azusa, California U.S. November 16, 2017. REUTERS/Lucy Nicholson/File Photo
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Best Things To Do This Week In Los Angeles And SoCal: Nov. 14 - 17Listen to women in the restaurant industry talk about “audacity.” Support Messhall Kitchen’s first film festival. Listen to Rachel Bloom try out new material. Take advantage of MOCA’s later Thursday nights.
Read more »
17 Holiday Gifts for All Types of GirlfriendsSurprise your special person for the holidays with this award-winning perfume ✨
Read more »
Cruz ‘pissed off’ by midterms, but unscathed despite so-so results in 17-state bus tourSen. Ted Cruz batted just over .500 in promoting candidates in the midterm elections, as GOP disappointments also dampened whatever bounce the Texas...
Read more »
Cleveland Clinic will begin charging for some MyChart messages beginning Nov. 17MyChart allows patients to have conversations with their medical providers for a myriad of reasons. Beginning Nov. 17, certain messages will come with a cost, according to Cleveland Clinic.
Read more »
Post Malone Thanks Swae Lee After 'Sunflower' Goes 17 Times PlatinumPost Malone's week is off to an incredible start ... as of Monday morning, 'Sunflower' -- his 2018 collaboration with Swae Lee -- is now 17x platinum, and officially the most certified in recording history!!!
Read more »
Len Goodman announces ‘DWTS’ retirement after 17 years as judgeThe 78-year-old, who has been with the show since it started in 2005, said he is leaving to spend more time with his “children and family.”
Read more »