"Target's not out of the woods, yet," a retail analyst says. "The road to improvement will be long."
CFO Richard Galanti says the competitive challenges Costco is facing from Sam's Club and Target are “formidable.”
The retailer's shift to a new business model "will present headwinds to our sales and profit performance in the short term."
The 1.1% drop in comp sales for Q3 was a relief to investors and Target now forecasts as much as a 1% increase for the next quarter.
Same-store sales gained 1.2% in Q1, missing analysts' estimates, and Target is expecting growth to be flat or lower in coming months.
The retailer posted a 34% increase in digital sales but holiday-season promotions aimed at driving that growth cut into profits.
New generation of tools for assessing companies' "cyber hygiene" may lower the risk of data breaches.
Board involvement in cybersecurity surges, according to a new study.
The raise would put IKEA's minimum wage at $4.62 above the current federal minimum wage.
A discount-store chain which forgot its formula for success.
The biggest Lloyd's of London insurer says cyber attacks are unusually systemic and the require governments to step in.
Poor distribution by Target reportedly meant that shelves lacked basic products.
