Target Expects Jan. Sales at Low End of Expectations

Target said its January sales are coming in at the low end of the range it had expected earlier this month.

It was one more sign of weakness at the nation's second-largest discount retailer.

Target said earlier this month that same-store sales for January would range between a decline of 1 percent and a gain of 1 percent.

On Monday Target said its results would be at the low end of that range. It said the prediction was based on actual sales at Target stores for the first two weeks of January, and its prediction for the remaining two weeks.

Target has already said fourth-quarter earnings-per-share will decline from last year. It is due to report results on Feb. 26.