Target misses the mark, warns of weak sales ahead

America’s top retailers in trouble

More bad news about the health of the U.S. consumer. Retail giant Target reported sales for the second quarter that fell more than 7% from a year ago — and warned that another key measure of sales may drop in the third quarter and fourth quarter.

The second half of the year is usually great for big retailers like Target. Back-to-school shopping tends to boost sales in the late summer and consumers typically splurge on presents for the holidays during the fall.

Company news – CNNMoney.com

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