Retailers downgrade outlook, as inflation and high inventories bite
Amazon yesterday reported a Q2 net loss of $2bn, which it said was in part ...
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By Alex Lennane
US retailer Target has had a difficult time: from the badly executed launch of its Canadian business, which lost it about $1bn, to a security breach that cost $148m, it has been fighting to get back on track. As this article notes, the company was slow to enter the online retail arena, while competitors Amazon and Wal-Mart have made great strides. But its third-quarter results saw Target “breathe a sigh of relief”.
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