AJ Bell : Inventory woes as Target misses again, highlighting risk to US profit forecasts – Marketscreener.com
“A second profit warning in three weeks from US retailer Target would have been no surprise to anyone who could read a balance sheet, because the firm’s inventories were growing so much faster than its sales,” says AJ Bell Investment Director Russ Mould. “Unless customer purchases picked up speed – a risky bet, given surging … Read more
