May 17, 2023

Target Predicts Over $1 Billion in Losses From Theft, Forecasts Gloomy 2nd Quarter as Consumers Pull Back

Target predicted a gloomy second-quarter forecast as consumers pull back from non-essential purchases such as electronics and home goods, due to inflation. However, the retailer maintained its full-year profit expectations as total sales rose 0.5 percent, in its May 17 quarterly ...