LOADING ERROR LOADINGNEW YORK (AP) — Target’s third-quarter profit tumbled as the retailer struggles to lure shoppers that are being pressed by stubbornly high inflation. The Minneapolis company said Wednesday that it expects its sales slump to extend through the critical holiday shopping season. Target’s troubles stand in stark contrast to rival Walmart, the nation’s largest retailer, which is thriving. To pump up sales, Target is offering more than 20,000 new items, twice as many as last year, and it has lowered prices on thousands of food, beverage and essential items. With about 1,980 U.S. stores, Target has struggled to find its footing since inflation caused pinched shoppers to curtail their discretionary spending.

Source: Huffington Post November 19, 2025 20:29 UTC