Source: International Business Times
Target's slump is accelerating as the retailer confronts weakening sales, strategic uncertainty and a steep drop in its share price that has shaken investor confidence ahead of the critical holiday season. The company's stock is trading near $88, down roughly 40% over the past year and hovering close to multi-year lows. The selloff reflects mounting concern that Target's declining traffic, sluggish merchandise performance and muddled competitive identity are becoming structural rather than temporary challenges.
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