Report |ANALYSIS
Q1’s poor trading doesn’t dent Target’s CEO’s confidence in turnaround plan
Target’s chief executive officer, Guy Russo, has defended his turnaround strategy even if the struggling retailer saw its revenue fell by 17.1 percent in the first quarter. Target’s revenue hit 643 million dollars over the first three months of its fiscal year. Meanwhile, comparable store sales plunged nearly 22 per cent as the retailer reduced...
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