Target’s Q2 margin results came in below expectations as they took aggressive action to clear out an oversupply of inventory in discretionary categories. However, leadership emphasized that the majority of their costs and actions to right size inventory are behind them now, and they are confident in recovering results in the back half of the year, particularly in Q4. The company pointed to traffic and unit share growth as signs that the underlying business is healthy.

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Emalie Cockrell

Author Emalie Cockrell

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