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Target's earnings miss isn't about the U.S. port strike. Here's what happened

Target's earnings miss isn't about the U.S. port strike. Here's what happened

When Target’s (TGT) earnings fell drastically short of expectations on Wednesday, executives pointed to the U.S. port strike as a key factor. However, the retailer’s troubles – which pushed its stock down 21% to a one-year low – go much deeper than shipping costs and an inventory glut. Read more...

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For further details, visit: https://qz.com/target-q3-2024-earnings-miss-port-strike-supply-demand-1851705255

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