Target's Sales Are Off the Mark

Add Target (TGT Quote) to the list of retailers struggling this holiday season.

The Minneapolis-based company reported Monday that its sales for last week and for the month to date were coming in "well below plan." Target had forecast that its same-store sales, which track revenue from stores open more than one year, would grow by 3% to 5%.

"Our comparable-store sale plan for December reflects a strong December last year and one more pre-Christmas shopping day this year," the company said in a conference call. ...