Target to invest another $2B to reverse sales malaise
MINNEAPOLIS (AP) — Target is investing another $2 billion in its business this year to spruce up its store experience, remodel stores and invest in its workers as it tries to turn around a persistent sales malaise and reclaim its authority on style. The investment, announced Tuesday at its annual investor meeting at its headquarters in Minneapolis, comes as the discounter reported another quarter of declining sales and profits amid its struggles to regain its footing with customers who are going elsewhere for fashion, home and other needs. Tuesday’s report offered some hope for ...