Abercrombie & Fitch Co

Target shares fall 9% as it expects squeezed profits from aggressive plan to get rid of unwanted inventory

Target shares fall 9% as it expects squeezed profits from aggressive plan to get rid of unwanted inventory

Target warned investors Tuesday that its profits will take a short-term hit, as it marks down unwanted items, cancels orders and takes aggressive steps to get rid of extra inventory. The retailer slashed its profit margin expectations for the fiscal second quarter to account for a wave of goods winding up deeply discounted or on …

Target shares fall 9% as it expects squeezed profits from aggressive plan to get rid of unwanted inventory Read More »

Target shares fall 9% as it expects squeezed profits from aggressive plan to get rid of unwanted inventory

Target shares fall 8% as it expects squeezed profits from aggressive plan to get rid of unwanted inventory

Target warned investors Tuesday that its profits will take a short-term hit, as it marks down unwanted items, cancels orders and takes aggressive steps to get rid of extra inventory. The retailer slashed its profit margin expectations for the fiscal second quarter to account for a wave of goods winding up deeply discounted or on …

Target shares fall 8% as it expects squeezed profits from aggressive plan to get rid of unwanted inventory Read More »