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Target Forecasts Weak Holiday Season and Low Sales Growth Amid Rising Prices

Name: Target Forecasts Weak Holiday Season and Low Sales Growth Amid Rising Prices
Uploaded: 2024-11-21T05:00:00-08:00
Channel: NBC Palm Springs
Description: Target is expecting flat sales for the holiday season and has lowered its profit outlook after reporting a 0.1% increase in sales for its latest quarter. The company, a key indicator of consumer spending, is struggling due to higher prices impacting its middle-class customer base.

By: NBC Palm Springs

November 21, 2024

Targetholiday season sales forecastretail salesprofit forecastconsumer spendingrising pricesretail sector strugglesTarget sales growthmiddleclass shoppers

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