Target Investors Brace for Market Share Drop, Weak Sales Due to US Shutdown
Target's third‑quarter results on Wednesday are expected to lay bare the retailer’s struggles amid mounting economic uncertainty, and as cash-strapped Americans slashed discretionary spending during the prolonged government shutdown.
Target has not reported any same‑store sales growth this year, as bigger rival Walmart takes market share with its focus on essentials and fast delivery. Persistent inventory missteps, and understaffed and disorganized stores have cost Target. And its push into delivery and e-commerce has stumbled.
Analysts estimate comparable sales - from online channels and...
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