The company's CEO faults its suppliers for its Q2 results, saying there was "limited availability of innovative new products in the market."
The company continues to be optimistic about market conditions, predicting equipment sales will increase 10% this year.
The retail giant has made aggressive moves to compete with Amazon and now offers online grocery in more than 900 U.S. locations.
“For a little while, [Target] seemed to have lost its way but now appears to be getting back into that 'Tar-jay' mode."
The company was expected to benefit from rivals' bankruptcies but same-store sales rose only 0.1%, well below analysts' estimates.
The retailer's loss widens to $62 million but CEO Marvin Ellison sees the 1.5% increase in sales and the improved performance of apparel as positive…
The struggling retailer's stock fell 10%, apparently reflecting investor doubts over the progress of its turnaround efforts.
The parent of Applebee's and IHOP reports same-store sales declined at both chains and lowers full-year guidance.
The meal-kit delivery service is facing competition from Amazon and had to spend heavily to build a customer base.
The online travel website "continues to struggle with its transition into travel bookings from a strictly travel recommendations site."