Target announces holiday sales exceeded expectations — but not profit as discounts reign king
1. Target's holiday sales exceeded expectations despite maintaining profit forecasts. 2. Sales growth forecast revised to 1.5% due to record Black Friday and Cyber Monday sales. 3. Heavy discounting contributed to sales but may squeeze future profits. 4. Executive changes announced, aiming to align with long-term goals. 5. Consumer behavior remains cautious, affecting spending patterns.