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Target (TGT) Stock Jumps as New CEO Drops Prices on 3,000 Items in His First Big Swing
By Trader Edge at 2026-03-13 13:14
Sentiment: Negative
TLDR New CEO Michael Fiddelke is cutting prices on more than 3,000 products by 5%–20%, covering apparel, home goods, baby essentials, and food. Target’s full-year net sales for 2025 dropped 1.7% to $104.8 billion, with revenues falling for five straight quarters. Fiddelke has unveiled a $6 billion budget for 2026, including $5 billion in capital [...] The post Target (TGT) Stock Jumps as New CEO Drops Prices on 3,000 Items in His First Big Swing appeared first on CoinCentral. Continue reading...
Categories: Stocks
Tags: #Stocks
Source Coin Central