Target, like other retailers, did not have a Merry Christmas
(AP)- Target is reporting comparable-stores sales that are well below last year’s, joining a growing list of retailers with meager performances during the critical holiday shopping season.
Target said Wednesday that it experienced weaker-than-expected sales of electronics, toys and home goods. Those sales climbed 1.4% in the November-December period, compared with a 5.7% increase a year earlier.
Digital sales rose 19%, also down from last year’s jump of 29%.
Shares of Target are down more than 6% before the opening bell.
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