Online shopping’s reign of terror over brick-and-mortar retailers clobbered three companies on Wednesday. Target shares fell 5.8 percent, to $66.85, after the “cheap chic” retailer announced a 1.3 percent decline in year-over-year same-store sales during all-important November and December. Although the company saw a 30-percent increase in its online sales in the period, “disappointing” store...
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Source: New York Post