• <a fr-original-style="" href="https://apnews.com/article/prices-holidays-shopping-2a8d45869e6c71cc26d7bb6a222897df" rel="noopener noreferrer" style="color: rgb(9, 9, 9); text-decoration: none; background-color: transparent; outline: none; cursor: pointer; transition: color 0.3s ease 0s; touch-action: manipulation; user-select: auto; box-sizing: border-box;" target="_blank">US department store chain Target</a> is canceling orders from suppliers and slashing prices to clear out inventory amassed during the pandemic, as consumer spending took a pronounced shift from home goods and apparel to spending on experiences and traveling, which compounded the effects of inflation and supply chain disruptions.<ul fr-original-style="padding-inline-start: 20px;" style="padding-inline-start: 20px; margin-top: 0px; margin-bottom: 1em; list-style-position: inside; box-sizing: border-box;"><li fr-original-style="" style="box-sizing: border-box;">European retail stocks fell sharply after Target slashed its quarterly margin forecast for the second time in less than a month. Europe's retail stocks index fell to more than a one-week low and was down 0.94% at market close, while the drop also weighed on the broader market with the benchmark index extending losses to stand 0.28% down on the day.</li></ul>

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