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Target on Wednesday reported a bigger-than-expected drop in quarterly comparable sales as cash-strapped US consumers pulled back discretionary spending on apparel and home decor.
A prolonged US government shutdown that delayed federal pay and food-stamp benefits, as well as still-high inflation and tariff worries has prompted consumers to hunt for cheaper groceries, and curtail non-essential spending.
Total comparable sales – from online channels and stores open for at least 13 months – fell…
