Target quarterly results fall as holiday discounts and dockworker strike hit profits
Target etched out a slim sales increase in the third quarter and profits slumped as inflation-weary customers pulled back on spending and costs related to a dockworker strike in October dragged on results.
Reports & sources
Fox5 Atlanta
Target quarterly results fall as holiday discounts and dockworker strike hit profits (opens Fox5 Atlanta)Fox5 Atlanta's feed description
WFMZ Allentown
Target struggles in the third quarter despite price cuts and offers a tempered holiday outlook (opens WFMZ Allentown)WFMZ Allentown's feed description
MyNorthwest
Target reports a slump in third-quarter profit and sets soft outlook for holiday period (opens MyNorthwest)MyNorthwest's feed description