Target earnings boosted by consumers hunting for bargains
Just this week, the red-and-white-themed retailer said it would slash prices on nearly 5,000 items
Source: qz.com
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Just this week, the red-and-white-themed retailer said it would slash prices on nearly 5,000 items
Breaking News, Sports, Manitoba, Canada
Target, which operates 1,963 stores, is hoping that a mix of measures including lower prices will see a turnaround in the current quarter, leading to sales growth of up to 2%.
Despite downturn in sales and revenue, retailer sees growth ahead through revamped loyalty, price cuts and digital enhancements
Target reported $24.5 billion in revenue last quarter, with comparable sales down 3.7%, marking the fourth consecutive quarter of decline.