#retail-sales-decline

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Business
fromal
6 days ago

Retail giant laying off 1,800 corporate workers, reports say

Target will cut about 1,800 corporate jobs—roughly 8% of corporate staff—to streamline operations and reduce layers and duplicated work.
fromFOX 5 Atlanta
6 days ago

Target cutting 1,800 positions, 1,000 employees set to be laid off

In an email sent to employees, Target said it will be restructuring and will cut about 1,000 employees and 800 open positions will be closed. Target's corporate staff has been asked to work from home next week, and employees will not find out their fate until Tuesday. A Target spokesperson told the Associated Press (AP) that the cuts represent around 8% of Target's global workforce, but the majority of employees affected work at the headquarters in Minneapolis.
Business
Business
fromwww.aljazeera.com
1 month ago

Indonesia's thrifty window shoppers cast doubt on economic success story

Rohana and Rojali describe widespread mall window-shopping as Indonesians tighten spending amid falling retail sales and reduced purchasing power.
US news
fromFortune
2 months ago

Relieved Kohl's investors give the stock a 20% boost-but the CEO's plan to get 'back to growth' is far from a done deal

Kohl's faces sustained sales decline and leadership instability despite margin-driven profit improvement and a raised full-year forecast.
Business
fromFortune
2 months ago

Target stock is down 64% over 4 years-and investors who were 'hoping for an external CEO' are disappointed by the choice of its next leader

Brian Cornell will step down as Target CEO; Michael Fiddelke succeeds him as Target struggles with weak sales, operational problems, and aims to improve merchandising.
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