Target sales down amid fierce competition from rivals

After a full year of sales declines, it's clear American consumers are testing Target to prove its value as they continue to stretch their dollars and shop around in the face of higher interest rates and prices. Target said Wednesday its comparable store sales were down 3.7% in the most recent quarter. At the same time, Walmart's were up 3.8%, and Amazon also saw increases. The decrease in Target's quarterly revenue, which was expected, led to a slight dip in profits, the Minneapolis-based retailer said. "We are not yet satisfied...