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November 20, 2025

Quarterly profit slide at Target hints at a challenging holiday season for the retailer

By ANNE D'INNOCENZIO
AP Retail Writer

NEW YORK — Target's third-quarter profit tumbled as the retailer struggles to lure shoppers that are being pressed by stubbornly high inflation.

The Minneapolis company said Wednesday that it expects its sales slump to extend through the critical holiday shopping season. The company also announced that it's planning to invest another billion dollars next year to remodel stores, build new ones, increasing the total cost for the makeover to $5 billion.


 
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