Target Warns Second Time of Weaker Profit, Bloated Inventories, and Slumping Demand

by Mish Shedlock, Mish Talk: Target said inventory rose 43% as demand for outdoor furniture, small appliances and some electronics declined faster than expected. For the second time in a month Target issued a warning about falling consumer demand. Two weeks after reporting lower-than-expected profits, Target said Tuesday it will further reduce some of its […]

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