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Target’s 3Q profit drops 52% as shoppers force price cuts

Por: Orlando Sentinel Business November 16, 2022

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NEW YORK — An unexpected and potentially ominous pullback in customer spending ahead of the holiday shopping season pushed third-quarter profits at Target down 52% after it was forced to slash prices with Americans feeling the squeeze of inflation. The Minneapolis retailer voiced caution about its sales and profit during the fourth quarter because of what it’s seen from its customers in recent weeks. They’re waiting for sales rather than... + full article



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