A miss, but strong in the right spots


A cashier places a bag of items in a customer’s shopping cart at a Target Corp. store in Chicago, Illinois, U.S., on Saturday, Nov. 16, 2019.

Daniel Acker | Bloomberg | Getty Images

Target delivered a bit of a shock to Wall Street on Wednesday morning.

The retailer has over the past year been considered a darling of its industry — posting impressive sales gains both in stores and online, and taking market share from rivals in key categories like apparel and food. It has shined as department store chains such as Macy’s and other mall-based companies such as L Brands have struggled. Its shares, as of Tuesday’s market close, had skyrocketed more than 80% from a year ago.

But Target’s 2019…


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