Target warns of weak holiday quarter, plans cost cuts as profits tumble and sales slow

Target warns of weak holiday quarter, plans cost cuts as profits tumble and sales slow

A sign outside a Target department store on June 07, 2022 in Miami, Florida. Target said it expects earnings to suffer in the near term as it marks junk items, cancels orders and takes aggressive action to get rid of excess inventory. Joe Raedle | Getty Images Targetearnings fell about 50% when it emerged Inventory …

Target warns of weak holiday quarter, plans cost cuts as profits tumble and sales slow Read More »