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Target has a warning about the holidays

Justin Sullivan/Getty Images

Target has had a rough 2023.

New York

Target’s sales slumped last quarter and the retail giant is predicting a slow holiday shopping season.

Target’s sales tumbled 4.9% — the second quarter in a row sales have dropped. And the company forecast a weak holiday, as customers continue to forgo discretionary purchases like furniture, electronics and some clothing. Target expects sales to decline by mid-single digits this holiday season.

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