In what might be unexpected news considering the state of the US consumer, Target (
TGT) has delivered expectation-beating earnings and (according to the CEO) is gearing up for a robust performance in 2024 following a slew of obstacles in the previous year.
"We're going to discuss our strategy for expansion, reestablishing Target as a growth-oriented company, focusing on comparable sales, foot traffic, and market share," remarked Target's chairman and CEO, Brian Cornell, in anticipation of a highly anticipated investor day in New York City.
Cornell outlined Target's plans for the year, including the opening of new stores, revamping existing ones, introducing exclusive brands, and rolling out a membership program offering expedited delivery and other benefits.
Despite reporting higher sales, gross profit margins, and earnings per share for Q ...
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