Do you ever feel a little off or minorly disoriented twice a year when the …
Read More »Target’s profit craters after it cut prices to clear inventory
Target reported solid sales for the fiscal second quarter, but profits plunged nearly 90% after the retailer was forced to slash prices to clear unwanted inventories of clothing, home goods and other discretionary items. In early June, Target warned that it was canceling orders from suppliers and aggressively cutting prices …
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