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Target doubles growth forecast, but cites caution as consumers remain stretched
The $59-billion retailer has muddled through three straight years of declining revenue as cost-conscious shoppers moved to cheaper options. Its merchandise also failed to attract higher-income consumers looking for nice-to-have apparel and home decor.
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cnbc.com
Target is set to report first-quarter earnings, offer read on consumer
Target has been struggling with a sales slump and decreased customer traffic, though CEO Michael Fiddelke has said the retailer is poised for a turnaround.
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modernretail.co
Target reports first quarter of sales growth in more than a year
While still in early stages, Target's efforts to revitalize the business appear to be paying off, reporting 6.7% net sales growth in Q1.
