By ANNE D’INNOCENZIO NEW YORK (AP) Target’s third-quarter profit tumbled as the retailer struggles to lure shoppers that are being pressed by stubbornly high inflation. The Minneapolis company said Wednesday that it expects its sales slump to extend through the critical holiday shopping season. The company also announced that it’s planning to invest another billion dollars next year to remodel stores, build new ones, increasing the total cost for the makeover to $5 billion. Investors have punished Target’s stock recently, sending it down 43% over the past year. Shares were essentially flat in early trading Wednesday. Turning around the 19% profit slide in the most recent quarter is the latest challenge for incoming CEO Michael Fiddelke, a 20-year company veteran who is replacing CEO Brian Cornell in February. The handover arrives as the retailer tries to reverse a persistent sales malaise and to revive its reputation as the place to go for affordable but stylish products. Comparable sales those from established physical stores and online channels dipped 2. 7% in its latest three-month period. That’s worse then the 1. 9% drop in the previous quarter and the third straight quarterly decline. Target’s troubles stand in stark contrast to rival Walmart, the nation’s largest retailer, which is thriving. Walmart reports on its most recent quarterly performance Thursday. Target announced in October that it was eliminating about 1, 800 corporate positions to streamline decision-making and accelerate company initiatives. The cuts represent about 8% of Target’s corporate workforce. To pump up sales, Target is offering more than 20, 000 new items, twice as many as last year, and it has lowered prices on thousands of groceries and other essential items. “The environment around us continues to evolve, whether it’s shifting consumer demand, changing competitor dynamics, or broader macroeconomic pressures,” Fiddelke said on an earnings call Wednesday. ”But let me be clear. We are not waiting for conditions to improve. We are driving the change ourselves right now.” With about 1, 980 U. S. stores, Target has struggled to find its footing since inflation caused Americans to curtail much of their discretionary spending. At the same time, Target customers have complained of messy stores lacking the budget-priced niche that long ago earned the retailer the nickname “Tarzhay.” Consumer boycotts since late January, when Target joined rival Walmart and a number of other prominent American brands in scaling back its corporate diversity, equity and inclusion initiatives, have compounded the predicament. Other, more recent macro headwinds, are buffeting the entire retail sector. For almost a year, retailers have struggled to navigate President Donald Trump’s wide-ranging tariffs on imports and his immigration crackdown that threatened to shrink the supply of workers available to U. S. companies. The just ended 43-day federal shutdown is expected to be another drag on an economy. Government contract awards have slowed and many food aid recipients have seen their benefits interrupted, both of which can cut into consumer spending at places like Target. Fiddelke told reporters that the company saw a weaker September but he said it was “tricky for us to isolate” the different factors behind that. The retailer’s profit fell to $689 million in the three-month period ended Nov. 1, or $1. 51 per share. Adjusted per share results added up to $1. 78. That is better than the $1. 71 that Wall Street was expecting, according to a poll by FactSet, but below the $1. 85 per share the company earned in the same period last year. Sales fell 1. 5% to $25. 27 billion, just shy of analyst projections. Sales gains in food and beverages were offset by continued weakness in discretionary goods, with anxious shoppers focused increasingly on buying essentials, even during the holidays. For example, customers this year customers bought candy and costumes for Halloween, but spent less on decorations, said Rick Gomez, chief commercial officer for Target. Gomez thinks they will make similar tradeoffs during the winter holiday season. “We think the consumer will prioritize what goes under the tree versus what goes on the tree,” he said. Target also announced a partnership with OpenAI on Wednesday that will let users browse Target items through the tech company’s app ChatGPT. When customers are ready to buy, they’ll be directed to the Target app. For the fourth quarter, Target expects that comparable sales will decline by low single digits. For the full year, it now expects earnings per share to be in the $7 per share to $8 per share range, down from its earlier forecast of $7 to $9.
https://www.santacruzsentinel.com/2025/11/19/target-results/
Tag: target
HEZI RASH Claims DDoS Attack on Iraqi Electoral Commission Website
**HEZI RASH Claims Responsibility for DDoS Attack on Iraq’s Electoral Commission Website**
An entity identifying itself as HEZI RASH has claimed responsibility for a Distributed Denial-of-Service (DDoS) attack targeting the official website of Iraq’s Independent High Electoral Commission (IHEC). This critical government website, accessible at ihec.iq, was reported to be down and inaccessible following the attack.
### Analysis of the HEZI RASH Cyberattack
The HEZI RASH attack employed a DDoS methodology, a prevalent form of cyber assault designed to overwhelm a server by flooding it with traffic from multiple sources. This massive influx of malicious requests exhausts the server’s resources, making the website unavailable to legitimate users.
According to FalconFeeds.io, the IHEC website was offline at the time of the claim, indicating the attack successfully disrupted the commission’s online services.
Attacks targeting electoral commission websites are especially concerning given their crucial role in managing electoral processes, providing essential information to the public, and maintaining transparency in governance. This incident highlights the vulnerability of governmental digital infrastructure to malicious cyber activities.
### Context and Potential Motivations
While HEZI RASH has not publicly stated the motivations behind this attack, its timing is notable. The assault occurred ahead of Iraq’s parliamentary elections scheduled for November 11, 2025. The elections are marked by a boycott from the popular Sadrist Movement, led by Shiite cleric Muqtada al-Sadr, adding to the tense political atmosphere.
### Cybersecurity Implications for Government Infrastructure
The disruption of the IHEC website serves as a stark reminder of the persistent cyber threats facing public sector institutions worldwide. Interruptions to an electoral commission’s online presence can erode public trust, hinder access to vital information, and foster a perception of instability—even if the core electoral systems remain unaffected.
This incident underscores the urgent need for robust DDoS mitigation strategies, resilient network architectures, and rapid incident response protocols within government bodies. Such measures are essential to ensure the continuity, integrity, and security of critical digital operations.
### Recent Related Cyber Attacks
This attack comes shortly after the Dark Storm Hacktivist Gang claimed responsibility for a DDoS attack on the SpaceX website. Additionally, earlier this month, several prominent Indian government and academic websites experienced multiple DDoS attacks claimed by two hacktivist groups, indicating a growing trend of politically motivated cyber assaults targeting government-related entities globally.
https://www.technadu.com/hezi-rash-claims-ddos-attack-on-iraqi-electoral-commission-website/611991/