Key Walmart and Target data signals 'red flag' for US economy ahead of holiday season amid retail apocalypse
Major retailers are sending warning signs ahead of what is expected to be a so-so holiday season. This week, Target said it is expecting a muted holiday shopping season, rattling some investors in the retail industry. The company forecast Wednesday that sales during the final quarter of the year will be flat, and executives lowered its profit forecast from what it was last quarter. This news sent Target's stock plummeting ahead of the crucial time for the retail sector.
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