Target’s earnings grew by 36% in the third quarter, aided by tight inventory and expense management, executives said.
Photo: Joe Raedle/Getty ImagesTarget sales fell heading into the holiday shopping season as it grapples with choosy shoppers cutting spending on some products and visiting stores less often.
The Minneapolis-based retailer said comparable sales, those from stores and digital channels operating at least 12 months, fell 4.9% in the three months ended Oct. 28 from the prior year, hit by lower sales in nearly every category besides beauty.
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