【If Target Supermarket Were on A Mega Discount Sale, Will You Go for It?】
Target expects squeezed profits from aggressive plan to get rid of unwanted inventory.
To achieve that, Target need to cancel orders from suppliers, particularly for home goods and clothing, and it is slashing prices further to clear out amassed inventory ahead of the crucial fall and holiday shopping seasons.
Thus, Target slashed its profit margin expectations for the fiscal second quarter.
So as an investor, what would you think of this news?
Read more on: https://www.investingnote.com/posts/2470529
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