The Latest Breaking News from Target

Indexes are trading near session highs.

Retail stocks remained under pressure Wednesday, as Ollie's Bargain Outlet reported weak first-quarter earnings.

Target Corp. is off target again.

MINNEAPOLIS — Target Corp. will cut prices, cancel orders and take other steps to cut its bloated inventory, moves that will lower its profit in the current quarter more than executives thought just three weeks ago.

Retailers are sitting on some of the highest levels of inventory in two years, while consumers are getting lashed by surging inflation. That could mean big summer discounts for cash-strapped shoppers.

Indexes opened lower on a new warning in the retail sector but losses evaporated about an hour into the session.

Costco and Target face different problems. Here's how it affects shoppers.

Target stock sank Tuesday morning, triggering a broader landslide among retail stocks, after the retail giant downgraded its second-quarter guidance. Target (TGT) is the most recent large company announcing plans to shore-up operations in the face of worrisome economic conditions. The Minneapolis-based company slashed its Q2 operating margin forecast to…

Costco Wholesale Corp (NASDAQ: COST) shares are trading lower alongside several retailers in sympathy with Target Corp (NYSE: TGT), which announced an inventory optimization plan that will result in addition