Reported 3 days ago
Target is struggling to reverse a troubling trend of declining customer traffic, which has dropped by 4.8% year-over-year amid recent boycotts following its decision to scale back diversity initiatives. While digital sales modestly increased, physical store sales fell by 3.8%, indicating significant challenges for the retail giant. CEO Brian Cornell has acknowledged the tough environment and is focusing on rebuilding customer trust and implementing operational changes.
Source: YAHOO