Category: budgetfocused
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Target sees muted holiday quarter as budget-focused shoppers seek value, shares tumble
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Written by Saviyata Mishra (Reuters) – Target sales for the holiday quarter and earnings fell short of estimates on Wednesday as value-conscious consumers shopped for low-priced basics at rival retailers including Walmart, sending its shares down 18% in pre-market trading. The U.S. retailer now expects similarly flat sales in the…