Add Target Corp. to the list of retailers now bearish about the rest of the year.
The discounter on Wednesday revised downward its outlook for the third quarter and full year, joining the likes of Macy’s Inc., Wal-Mart Stores Inc., Nordstrom Inc. and Kohl’s Corp. The revision and weakness in the Canadian operations — as well as Target’s 13.2 percent decline in second-quarter net earnings — sent the retailer’s shares down sharply on Wall Street, where they fell 3.6 percent to $65.50.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"