\Target sinks 10% in response to disappointing earnings/guidance, currently trading around the $60 level in pre-market (66.91)
- Co cited a rapidly-changing consumer behavior with very strong digital growth but unexpected softness in physical stores. Co noted that guidance reflects the impact of the Company's transition to a new financial model, which will be covered in the Company's meeting with the financial community later today.
- Related stocks: Walmart (WMT), Kohl's (KSS), J.C. Penney (JCP), Sears Holdings (SHLD), Best Buy (BBY), Bed Bath & Beyond (BBBY), SPDR S&P Retail ETF (XRT)