[NYPOST] Target Corp. reported a steeper-than-expected decline in fourth-quarter same-store sales and said it expected sales to continue to fall this fiscal year, sending its shares tumbling 13 percent in premarket trading Tuesday.
I gotta go potty.
The company has struggled with declining sales as shoppers increasingly gravitate to online retailers such as Amazon.com Inc. and spend more on big-ticket purchases such as cars and home renovations rather than electronics, food and apparel.
| It is at such a point that a wise retailer does not make it clear to half its customer base that they are unwelcome. |
The big-box retailer’s net income slumped to $817 million, or $1.45 per share, in the fourth quarter ended Jan. 28, from $1.43 billion, or $2.32 per share, a year earlier.
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