Target’s sales fall again

(CNN)– Target’s problems keep getting worse, and the company posted another drop in sales during its latest quarter.

The company also cut its full-year profit guidance on Wednesday, Nov. 19.

It’s the latest signal of trouble at the struggling retailer.

Last month, Target said it planned to lay off one-thousand corporate employees.

Target’s sales haven’t grown in about four years.

The company has also faced intense customer backlash for its retreat on some diversity initiatives.

In August, Target CEO Brian Cornell announced he was stepping down after eleven years at the retailer.