Target Posts First Quarterly Same-Store Sales Decline: Chart

Target Cuts Forecast After 2Q Sales Miss Their Mark

Sluggish demand is hitting Target Corp. For the first time since 2014, the retailer reported its first quarterly same-store sales decline. The shares fell on Wednesday as much as 7.4 percent, the biggest intraday drop since May, after Target cut forecasts for annual earnings and sales in the second half.

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