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Target Plunges In Potentially Ominous Sign For Trump’s ‘Biggest Holiday Season In US History’
In news that doesn't bode well for a US president who (falsely) claimed that the 2019 holiday shopping season was "the biggest in US history", Target said Wednesday that same-store sales during November and December were up a paltry 1.4%. That is a disaster compared to the previous year's 5.7% boost.
"We faced challenges throughout November and December in key seasonal merchandise categories and our holiday sales did not meet our expectations", CEO Brian Cornell lamented.
The market was profou
Love Target, my wife and I shop there a lot for “everyday” stuff. But at the same time, I can tell you that just about every present that ended up under the Xmas tree came from Amazon via my front porch, including all toys for my 2 young children. We’re pretty much “ordinary” folks (not rich, not big spenders). So easy to see how Xmas was a disappointment for Target this year, assuming we’re “typical”.