Target foregoes acquisitions, focuses on business basics
May 15, 2017
While Walmart has made major investments in acquiring Jet.com and a host of other e-commerce sites, Target has chosen to simplify its approach to improve performance in existing locations and online. Target has seen same-store sales fall for three consecutive quarters and the company’s stock price has dropped about 20 percent this year.
Recent News
Congress Passed a Potential TikTok Ban, Influencers Are Worried About Their Careers
After Congress passed a potential TikTok ban, TikTokers expressed growing worry over the “devastating” impact it would have on their careers.
Merger Forces Kroger and Albertsons To Sell More Stores
Kroger and Albertsons are selling more of their stores to address concerns about their merger.
JD Sports Bids for Hibbett in $1.08 Billion Deal
JD Sports Fashion plans to buy Hibbett Inc. for around $1.08 billion. The move aims to help the UK’s largest sportswear retailer grow in the southeastern United States.
Disney Technology Executive Leaves Company for Personal Reasons
Aaron LaBerge will stay on at Disney until June 2024.