Target leans into 'affordable joy' and its cheap chic reputation as sales slow
Publishing timestamp: 2023-02-28 16:40:46
Summary
Target announced plans to spend between $4-5 billion in the coming fiscal year to open new stores, remodel existing stores, launch new brands, and offer curbside services. Other retailers such as Walmart and Home Depot are also investing in wage increases to attract and retain store workers. Retailers must stay nimble and pay attention to customer needs in order to remain competitive.
Sentiment: POSITIVE
Keywords: business, new york, home depot inc, economy, target corp, breaking news: business, retail industry, business news, walmart inc,
Source: https://www.cnbc.com/2023/02/28/target-affordable-joy-cheap-chic-sales-slow.html