Top Stories

Target (TGT) holiday 2019 sales fall short of estimates

0


Target was expected to be a winner this holiday season, amidst a sea of disappointing reports. But the big-box retailer said Wednesday that its holiday sales were weaker than planned.

Its shares tumbled more than 8% on the news. Walmart, which hasn’t reported holiday results, also traded lower. Its stock was last down about 2%.

Target said its same-store sales during November and December were up just 1.4%, compared with growth of 5.7% a year earlier.

The company said that, despite missing the mark, it is maintaining a prior outlook for fourth-quarter earnings. It also said in a press release that the fourth quarter of 2019 remains on track to mark Target’s eleventh consecutive quarter of…



Source cnbc.com

UK tech investment outpaced US and China in 2019

Previous article

5 things to know before the stock market opens January 15, 2020

Next article

You may also like

Leave a Reply

avatar
  Subscribe  
Notify of

More in Top Stories