Tony Sagami (Harvest Advisors) submits: Target is one of the hottest, most successful retailers in the U.S., but business isn’t so good. Target warned that its November sales are going to fall short of its 4-6% forecast and admitted that its Q4 results would fall short of expectations.
Instead of $1.07 cents of Q4 profits, Target now says it will make 90 cents instead.
We’re not talking about a pint-sized retailer here. We’re talking about one of the largest, most important retailers in the U.S. and an extremely important data point about the health of the retail business.
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