General World News

Target slips 7% after a weak holiday season forces it to slash sales forecast by more than half

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  • Target reported holiday sales Wednesday that missed Wall Street’s expectations. The retailer also cut its fiscal fourth quarter 2019 same-store sales estimate.
  • Shares fell as much as 7% in early trading Wednesday.
  • Weakness in electronics, toys, and portions of home drove the less-than-stellar holiday sales results, Target said in a press release.
  • Watch Target trade live on Markets Insider.

Shares of Target fell by as much as 7% in early trading Wednesday after the retailer reported that its holiday sales were much lower than Wall Street expected. The company also lowered its guidance for sales going read more >>>

Source:: BusinessInsider.Com