Target Trimes October sales forecast

By Nathan Shumaker
22 October 2007 @ 06:55 pm EDT

Target Corp. on Monday trimmed its October forecast for sales growth at stores open at least a year to a range of 2% to 4%.

In a recoded message, the retailer cited "greater than normal daily volatility and continued disappointing sales results for the first two weeks" of the month for the move.

It had previously forecast same-store sales growth of 3% to 5% for October. Shares of Target ended the session up 1.3% at $61.55.

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