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Target slips 7% after a weak holiday season forces it to slash sales forecast by more than half

"We faced challenges throughout November and December in key seasonal merchandise categories," said Brian Cornell, CEO of Target.
Facebook's share prices are seen inside the NASDAQ Marketsite in New York.

The Nasdaq soars past 9,000 for the first time ever, fueled by Amazon’s holiday sales boom

The S&P 500 also notched a record high, while the Dow Jones Industrial Average jumped as much as 1% before falling below its Tuesday highs.

Bank of America projects a slowdown in holiday spending this year — and singles out 3 retailers that could outperform the trend

The bank picked Aaron's, Burlington, and Target to outperform, citing their multifaceted strategies, inventory preparedness and strong traffic.

Nordstrom is seeing an early warning sign of an inventory problem, analyst says

Nordstrom's disappointing holiday sales results indicated a big inventory problem ahead, an analyst says.
Apparel spending in the US is strong.

Americans are shopping for clothes again, and it’s good news for the economy

Apparel sales grew by 7.9% between November 1 and December 24, the best growth rate since 2010.

Amazon announces record-breaking holiday sales with more orders than ever

Amazon said Wednesday in a release that it saw "record-breaking" sales during the holiday season, making it its biggest yet.
Amazon CEO Jeff Bezos.

Amazon is gaining ground after reporting a ‘record-breaking’ holiday season

Amazon was up as much as 2.07% to $1,362.90 a share early Wednesday after the company announced a 'record-breaking' holiday season.

Amazon is still obliterating its biggest competition — and it’s not even close

Despite its competitors' best efforts, the data shows that Amazon is still the online king.

Target pops after raising guidance thanks to strong holiday sales

Target's stock rose in pre-market trading after it posted a better-than-expected holiday sales report in November and December.