The Richfield-based retailer posted its second straight quarter of sales growth, but consumer sentiment and competition keep analysts conservative on stock.
As tight consumer budgets continue, Target’s sales and profits both declined. The company also is increasing its investment in stores, merchandise and AI.
From past iterations of shopping carts to a salvaged Target Center “T,” these researchers can trace the Minneapolis-based retailer’s roots back to Dayton’s department store in the early 1900s.
Artificial intelligence-backed demand forecasting, supply chain tracking, prototype generating and even holiday commercials from Coca-Cola aim to make the industry more efficient without replacing human workers.
More than 800 Target employees in the Twin Cities were laid off on Tuesday, news they learned in a group telephone meeting. A more impersonal approach to cutting employees has become more of a norm in corporate America in recent years.