Target Faces Holiday Hurdles as Earnings Miss Rocks Stock

Target has issued a warning about a weak holiday shopping season, forecasting flat sales and lowering its profit outlook, which has caused its shares to drop significantly. The company is struggling due to its focus on discretionary goods, which are less in demand as consumers prioritize essentials amid higher prices. In contrast, Walmart is experiencing growth, driven by increased sales from upper-income households and a strong performance in grocery sales.