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Business

US shopping crunch

Published: 22 Aug 2013 - 12:19 am | Last Updated: 30 Jan 2022 - 03:42 pm

Shopping carts from a Target store are lined up in Encinitas, California. Target Corp warned yesterday its annual profit was likely to be near the low end of its forecast as it anticipates continued cautious consumer spending, the latest retailer to signal US shoppers were holding back.