Top challenge facing Target (including the financial market) December 1, 2008

Target hasn’t necessarily taken a huge hit comparatively speaking to other companies during our

countries financial crisis. Although the Target Corporation sales are down about 0.7%.

 

“Sales for the month of October were very disappointing, with continued 

volatility in daily results,” said Gregg Steinhafel, president and chief executive

officer of Target Corporation. “We expect the recent challenging sales

environment to continue into the holiday season and beyond as a result of

the economic factors currently affecting consumer spending.”

 

Hulbert, J. (2008, Nov. 06). Message posted to

           http://investors.target.com/phoenix.zhtml?c=65828&p=irolnewsArticle&ID=1223142&highlight