Target Forecast Sinks Retail Stocks

Target Corp. issued a statement this week saying that its December same-store sales could be down as much as 1% from year-ago levels, compounding what was already projected to be a season of sluggish growth for retailers.

MINNEPAOLIS — Target Corp. here issued a statement this week saying that its December same-store sales could be down as much as 1% from year-ago levels, compounding what was already projected to be a season of sluggish growth for retailers. Target, which said its same-store sales sales for the five-week period ending Jan. 5 could fall in the range of -1% to +1%, had previously projected same-store sales gains for the period of between 3% and 5%. In trading yesterday, Target’s stock was down a

Register to view the full article

TAGS: News