Target Boosts Annual Sales Outlook as New CEO’s Investment Push Produces Early Gains
Target raised its full-year net sales growth projection to about 4% from a prior 2% forecast, signaling initial progress from CEO Michael Fiddelke’s investment-driven turnaround. The company reported a 5.6% increase in same-store sales for the first financial quarter, an 8.9% rise in digital sales and a 27% jump in same-day deliveries through its C…