Retail Giant Target Slashes Earnings Estimates For 2H16 Citing “Challenging Environment”

Wednesday, August 17, 2016
By Paul Martin

by Tyler Durden
Aug 17, 2016

After reports yesterday that Tech Bellwether Cisco plans to layoff up to 20,000 people (see “Global Economic Bellwether Cisco Reportedly Fires 20% Of Workforce”) this morning retail giant Target also guided lower for 2H 2016 on the back of a “challenging environment in the back half of the year.”

And the market is not happy…

The Rest…HERE

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