Target Corp.’s third-quarter profits fell by 23.8 percent, but the company said it is still picking up market share in apparel despite declining sales in the category.
Bowing to the realities of the weakest consumer market in a generation, the discounter cut its capital expenditure plans next year by $1 billion, slowing store expansion, and hit the pause button on its share buyback program. The Minneapolis-based firm’s credit card division turned in significantly lower profits, due in part to higher expenses for bad debt as cardholders struggle to meet their financial obligations.
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)
"That's something that resonates with me too because I'm so locked into a number. If I go over that number it completely ruins my day so it's nice to get detached from the number on the scale." - Chelsea Handler on Kelly LeVeque's book "Body Love." #wwdeye (📷: John Salangsang)