Target Warns of Weaker Profit as it Faces Overstuffed Stores, Inflation-Weary Shoppers - The Wall Street Journal
The retailer said it will discount or cancel orders for products such as patio furniture and small appliances to more quickly restock shelves with in-demand goods.
Target warned profits would drop because it needs to cancel orders or offer discounts to clear out unwanted goods, the latest sign of the sudden mismatch between supply and demand inside Americas sto… [+374 chars]
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