Reported 6 months ago
Target has reported another drop in sales, with comparable sales falling by 3.7% in the last three months, marking the fourth consecutive quarter of decline. The company attributes this to shoppers reducing discretionary spending due to high prices, with sales of home goods, furniture, apparel, and food all decreasing. Target's CEO remains optimistic about consumer resilience and anticipates an improvement in discretionary spending. The retailer plans to drive growth through new initiatives like revamping its member-discount program and reducing prices on everyday products like food and school supplies to combat the sales decline.
Source: YAHOO