Amid a full year of declining sales, incoming CEO Michael Fiddelke bets big on store upgrades, sharper pricing, and exclusive offerings to win back budget-strained shoppers. Target is embarking on one of its largest reinvestment efforts in a decade, committing $5 billion to store improvements next year after reporting its 12th consecutive month of weak or declining sales. The retail giant continues to struggle with shrinking customer traffic, competitive pressure, and shifting consumer priorities — all of which are weighing heavily on its bottom line. In the most recent quarter ending Nov. 1, same-store sales fell 2.7%, with customer visits … Continue reading Target to Spend $5 Billion on Store Revamp as Sales Slump Deepens