{
Jerry Storch

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001122334455554433221100

target faces challenges from inventory mismanagement and declining consumer demand

Target's recent earnings miss is attributed to higher freight costs and a decline in discretionary spending, exacerbated by a short-lived U.S. port strike. Despite preemptively increasing inventory, trade data reveals no significant surge in imports compared to last year, indicating deeper issues with consumer demand and strategy. As a result, Target faces elevated inventory levels and increased discounting to clear stock, while Walmart continues to gain market share.
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United States Dollar Walmart Inc. Target Corporation USA GBR Michael Fiddelke Lynn Hughes Melissa Repko Joe Feldman Bill Simmons Jerry Storch Brian Cornell Show more
Finance & Economy, Market Report
13:36 21.11.2024
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