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Stock impact report

Target deals fall flat as consumers shop elsewhere [Yahoo! Finance]

Costco Wholesale Corporation (COST) 
Last costco wholesale corporation earnings: 3/5 04:15 pm Check Earnings Report
Company Research Source: Yahoo! Finance
It hasn't succumbed to bankruptcy like so many other retailers in recent years. But the company isn't exactly thriving. Even though Target's most recent quarterly earnings report was better than expected, comparable sales fell 2.5% and overall revenue plunged 1.5% year over year. And the company is facing huge challenges as consumers broadly reduce their discretionary spending due to financial pressures. But the fact that consumers are cutting back is a problem for retailers across the board. Target is facing some unique challenges it's desperately trying to address. Unfortunately, its latest tactic may not be a complete solution. Target tries to sweeten the deal with deep discounts Consumers are struggling big time these days. Not only is inflation still stubbornly high , but many people are worried about the economy. Consumer confidence fell sharply in January, according to the Conference Board's Consumer Confidence Index . Some of the biggest issues plaguing consumers a Show less Read more
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