, Columnist
Target's Oversupply Problem Should Scare All Retailers
The retailer is known as one of America’s best-run stores. But lately it keeps missing the mark on what consumers want.
Missed it.
Photographer: STEFANI REYNOLDS/AFPThis article is for subscribers only.
Target Corp. is off target again.
Just three weeks after a profit warning that saw its shares plunge the most since 1987, the big-box operator has cut its outlook again, as it seeks to address a glut of inventory amid a rapid shift away from pandemic purchasing patterns.