Target’s winning streak slows with disappointing holiday sales

Meghan McCarty Carino Jan 15, 2020
HTML EMBED:
COPY
A Target cashier rings up customers at a Target store in Albany, California. Justin Sullivan/Getty Images

Target’s winning streak slows with disappointing holiday sales

Meghan McCarty Carino Jan 15, 2020
A Target cashier rings up customers at a Target store in Albany, California. Justin Sullivan/Getty Images
HTML EMBED:
COPY

Target has strung together a bunch of good quarters lately, with sales boosted by a turnaround plan that includes a focus on the internet, remodeling stores and adding more in-house brands. Wednesday, though, the retailer reported sluggish growth, including over the all-important holiday shopping season. Target warned that growth for the full quarter, which closes at the end of the month, would come in less than half of the 3% to 4% growth it expected.

Click the audio player above to hear the full story.

As a nonprofit news organization, our future depends on listeners like you who believe in the power of public service journalism.

Your investment in Marketplace helps us remain paywall-free and ensures everyone has access to trustworthy, unbiased news and information, regardless of their ability to pay.

Donate today — in any amount — to become a Marketplace Investor. Now more than ever, your commitment makes a difference.