Target says sales at stores open at least a year – a key indicator – fell 1 percent in November, hurt by weak sales in the first two weeks of the month, the Associated Press reported.
The Minneapolis-based company reported that total revenue for the four weeks ending Nov. 24 was nearly flat at $6.18 billion. Weak sales early in the month offset stronger sales later, the AP says.
Analysts had expected better from Target, Reuters reports.
The number caught Target executives by surprise, the Star Tribune reports.