Target slips 7% after a weak holiday season forces it to slash sales forecast by more than half
- Target reported holiday sales Wednesday that missed Wall Street’s expectations. The retailer also cut its fiscal fourth quarter 2019 same-store sales estimate.
- Shares fell as much as 7% in early trading Wednesday.
- Weakness in electronics, toys, and portions of home drove the less-than-stellar holiday sales results, Target said in a press release.
- Watch Target trade live on Markets Insider.
Shares of Target fell by as much as 7% in early trading Wednesday after the retailer reported that its holiday sales were much lower than Wall Street expected. The company also lowered its guidance for sales going