Target Plans Short-Term Profit Margin Hit as it Right-Sizes Inventory for Future Growth
Retail TouchPoints
JUNE 8, 2022
Target is taking multiple actions to right-size its inventory, including additional markdowns, removing excess inventory and cancelling orders, as it makes room for merchandise including groceries and back-to-school supplies. Target also is revising its sales forecasts, future promotion plans and cost expectations by category.
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