Target's Profit Sinks as Retailer Unloads Unwanted Inventory - The Wall Street Journal

Operating margin came in lower than expected after the company discounted items and canceled orders to clear a glut of goods.

A glut of inventory sank profit at Target Corp. further than it expected, sparking investor concerns about the companys response to an oversupply problem haunting retailers from Walmart Inc. to the p… [+389 chars]

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