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Retailers and brands are reporting strong holiday sales, but Target is facing challenges due to pricing. The CEO of Target attempted to blame port strikes for the company's poor performance, but this explanation was refuted online. The success of other retailers like Walmart suggests the issue is specific to Target.
- Target's stock dropped 21% after earnings.
- Walmart reported strong earnings, contrasting with Target's struggles.
- Luxury brands are expected to have one of their worst Christmas seasons ever.
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