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January 16, 2020

Target, like other retailers, did not have a Merry Christmas

  • Some analysts blamed increasing competition from not only Amazon but a slew of online competitors from mattress maker Casper to home goods purveyor Wayfair.
    • By ANNE D'INNOCENZIO and MICHELLE CHAPMAN
    AP Business Writers

    Target reported a rare shortfall in holiday sales, raising concerns about the challenges ahead for the traditional retail industry even as the economy remains strong.

    Target's disappointing growth of 1.4% percent for November and December, dragged down by toys and electronics, fell well below the previous year. Target joined a growing list of retailers reporting meager performances during the critical holiday shopping season.


     
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