The company's warning spooked investors, who sent shares of its stock down more than 3%.
and prompted people to rethink their purchases.Target says it plans to cut prices and cancel orders as it tries to "right-size" its stock for the rest of the year, the companyAs a result, the company says it now expects smaller margins for the current quarter than previously estimated .
However, Target still maintains that its operating margins for the last six months of the year will come in at a rate that exceeds pre-pandemic levels.Like other retailers, Target had bulked up its inventories last year to try to satisfy record consumer demand and to protect itself from ongoing supply chain issues.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Chicago Bulls' Biggest Draft Needs, Two Prospects Team Could TargetWho will the Chicago Bulls select with the No. 18 pick in the 2022 NBA Draft? K.C. Johnson names a pair of potential targets.
Baca lebih lajut »
DeFi community rallies behind PoolTogether to hit $1.4M NFT defense funding targetIt has taken the project just ten days to reach its funding goal of 769 ETH, signaling strong support for the DeFi community who are rallying against a lawsuit that some feel is an attack on the greater sector as a whole.
Baca lebih lajut »
‘I Saw It All': Uvalde Pastor Who Was Gunman's Early Target Recounts Terror in SermonOne of the first people shot at by the gunman who killed 19 children and two teachers in Uvalde, Texas, is now trying to comfort the community.
Baca lebih lajut »
Uvalde gunman’s early target recounts terror in sermonGilbert Limones and a coworker at a funeral home were two of the first targets of the gunman who killed 19 children and two teachers at a Texas elementary school, and Limones has spent most of his days since helping prepare for the young victims’ burials and consoling shattered families.
Baca lebih lajut »
Texas school gunman’s early target recounts terror in sermon: ‘I was screaming, screaming at 911′Gilbert Limones preaches in both Spanish and English. He was animated before the congregation, which meets just one right turn and another left away from Robb Elementary School and Hillcrest Memorial Funeral Home.
Baca lebih lajut »
Uvalde gunman's first target recounts terror in sermonOn Sunday, Gilbert Limones swapped his role of funeral attendant for that of a preacher trying to comfort a community and explain horror that defies easy answers.
Baca lebih lajut »