Target Quarterly Sales Drop Again, Adds $1 Billion to Investment in Stores
Target reported a bigger-than-expected drop in quarterly comparable sales on Wednesday, as cash-strapped U.S. consumers pulled back discretionary spending on apparel and home decor.
The retailer, which has reported five straight quarters of comparable sales declines, also unveiled plans to invest about $1 billion more in 2026 as it accelerates efforts to return to sales growth with new stores, remodels and an improvement in its digital business.
As part of its turnaround, Target named longtime executive Michael Fiddelke as its new CEO in August.
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