Monday, November 17, 2008

Target's Profits Decline

http://money.cnn.com/2008/11/17/news/companies/target_earnings/index.htm?postversion=2008111715
Target Corp. reported a nearly 24% decline in third-quarter net income Monday as the weak economy continues to weigh on consumer spending.

My Response: Everyone is starting to feel the wrath of the weak economy. Target, one of the known discount stores, is having a decline in sales. This is the time where everyone needs to start shopping at these kind of stores. But I guess I'm wrong.

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