Target invests $5 billion in bigger stores despite weak sales

Target is moving forward with plans to consolidate its footprint through larger-format stores despite weak sales.

Minnexolis announced last week during its fair that will invest in sales and shops that can benefit.

The company deals with capital investment but the money is invested in long-term assets such as technology and printing and infumstructure – to $ 5% about $ 1%.

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Incoming KEO Michael Fiderside Fidersas said the company increased the capital increase to increase the acumen of creating its contrast chain, and to improve its key tup. He added that the improvements will strengthen the perhoriad strategy based on target flights and improve the shopping experience in stores.

Michael Fiderelke will succeed Cornell Keiran as CEO in February. (Elizabeth Flores/Minnesota Star Chribune via disturbing image)

Fiddeloy said the investment will also go into lowering new new stores, which he said “were in line with our sales expectations and continue to be a strong resource.” Given the company’s current real estate opportunities, Fiddelke said it is targeting “to continue the larger box office in some markets beyond the US”

“Our investments in new stores, agodels stores and a wide range of categories are intended to check greater inspiration and our happiness every time,” he added. ” he added.

It is part of the game strategy, which will replace brian corn as CEO in February, is to use, more profitable maintenance principal. Fidengelke has been credited with instrumentally shaping the company’s core situation, holding leadership roles in worship, finance and human resources.

Targaran will invest billions to improve existing locations and open large format stores. (David Paul Morris/Bloomberg via Getty Images)

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But he was surprised by the long road ahead in the turnaround, reporting another filter probe reviewing traffic and sales at the store last week. This is a stark contrast to the competition Walmartwhich reported better sales rated the category even as consumers remained cautious in a challenging economy.

Robby Ohmen, senior retail analyst at American Securities Bank, told Fox Business that the gap between Walmart and Target. He noted the contrast between Walmart’s 5% profit in the fourth quarter and the target of 24% in chain stores, including weaker guidance among these.

The target is to raise the capital expenditure to $5 billion in the next fiscal year. (Maio Tama / Image Image)

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Ohmes slashed targets for its global glaring operations, citing how analysts see it as good outside of strong fashion and strong goods. Ohmes said management can focus on investment and trade and save the remodel to better showcase the product or technology.

But while the shop sapagning is necessary, it is said that it is not enough. It is critical that it also strengthens the calling, authorization and binding of the partner automatically to the AmaCM. According to Ahmes, According to AHMES. He noted the investment has paid off.

“You have to be really digital as well because the biggest competitor, Walmart, has digital power.” Skip Walmartity Capasan.

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He noted that WalmTart Market not only uses companies that value products as well as sellers.

“They have 700 million items in that market so we can tell, ‘and we want to see people buying,'” he said of not having a smaller doctor.