Dollar Tree cuts profit target on slowing demand, higher costs; shares slump


Target (TGT) is expected to post its first quarterly drop in revenue in about six years when it reports results on Wednesday, as the big-box retailer reels from a shift in consumer spending away from discretionary goods to services.

“There were some of the more extreme, anti-pride people, who were threatening violence, and so there was concern from some people for, you know, initially to go to the store,” said Telsey Advisory Group’s Joseph Feldman, adding that traffic was under pressure in June.

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