Thursday, discount retailer Target Corp. (TGT) reported a 0.7% decline in net retail sales for the month of October, as comparable store sales were down 4.8%.
Net retail sales for October decreased to $4.41 billion, compared to $4.44 billion in the comparable month last year.
Quarter-to-date, net retail sales grew 1.7% to $14.6 billion, while comps declined 3.3%. Year-to-date, net retail sales increased 4.1% to $43.9 billion, but comparable store sales declined 1.5%.
Looking forward, chief executive officer, Gregg Steinhafel, said that Target expects the recent challenging sales environment to continue into the holiday season and beyond, as the current economic factors are affecting consumer spending. The stock closed Wednesday, at $37.75 on the NYSE.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.