Target Conservative in Holiday Season Expectations

Target Corp. (TGT) is conservative in its expectations of holiday spending this year.

Target’s CEO Gregg Steinhafel said that sluggish consumer spending an ailing economy may weaken holiday purchases, Reuters reported.

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Consumer spending has strengthened several times, only to fall back again later, Steinhafel said.

“It’s like a game of whack-a-mole,” Steinhafel said.

Still, Target…