CNBC reports:
After its biggest earnings miss in two years and stock plunge, Target laid some of the blame on the recent U.S. ports strike, citing higher freight costs it absorbed as a result of preemptive action to move more product into the U.S. ahead of October. But cargo container trade data reviewed by CNBC tells a more nuanced tale.
The port strikes, which stretched from New England to Texas, wound up lasting only a …
The post CNBC: Target’s recent trade imports data tells the real story behind massive earnings miss appeared first on The Loadstar.
