Target shares plunge after lackluster sales ahead of holiday season
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Target's shares have dropped following disappointing sales figures as the holiday season approaches. CEO Brian Cornell highlighted ongoing weakness in discretionary spending, indicating cautious consumer behavior.
November 20, 2024 | 3:30 pm
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Target's stock price has declined due to underwhelming sales performance as the holiday season nears. The CEO pointed out a persistent weakness in discretionary spending, reflecting cautious consumer behavior.
The news directly impacts Target's stock as it reports weak sales figures, which are crucial for investor sentiment, especially ahead of the holiday season. The CEO's comments on consumer spending behavior further emphasize potential challenges.
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