Reported 1 day ago
Target is facing a significant decline in customer visits and sales, prompting the company to announce substantial changes to its operations. Following a decrease in comparable store sales by 3.2% year-over-year, incoming CEO Michael Fiddelke highlighted the need for enhanced merchandising, customer experience, and technology investments to regain customer loyalty. Despite attempts to draw shoppers back with promotions, concerns over inflation and tariffs are pushing consumers toward competitors like Walmart.
Source: YAHOO