Staples loses sales, Target nabs a profit

Pedestrians pass a Staples store in New York City.

Jeremy Hobson: Shares in the office supply store Staples are down 15 percent this morning after the company said its sales dropped 5.5 percent last quarter. Meanwhile, the discount retailer Target said it made a $700 million profit last quarter -- which was about the same as a year ago, but its sales were up.

For some analysis, let's bring in our regular Wednesday guest Josh Brown.

About the author

Josh Brown is a New York City-based financial adviser at Fusion Analytics.

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