Target says its sales rose 1.9 percent at established locations in the third quarter as it worked to revive its business by strengthening flagship categories like clothing and children's products.
Still, the uptick was a slowdown from the previous quarter, when sales rose 2.4 percent at established locations. Growth of digital sales also slowed to 20 percent, and fell short of the company's expectations. Previously, Target had forecast digital growth of 30 percent for the period.
Its shares fell more than 4 percent.
Looking ahead to the critical holiday shopping season, Target CEO Brian Cornell also said the company is confident about its plans and the...