Target Corporation (NYSE:TGT) announced its near-term profit would take a dent as the retailer tries to cancel orders to aggressively offload unwanted items. This means Target has curved its second-quarter profit estimates while it manages to offer relevant product categories to customers. Offloading InventoryAs reported by CNBC, shares of the giant retailer plunged by 7% in premarket trading after the news broke. Q1 2022 hedge fund letters, conferences and more CEO Brian Cornell told the news outlet, “We thought it was prudent for us to be decisive, act quickly, get out in front of this, addr…