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Dart originally offered $65 a share, and then raised its offer to $68. The stock market crash of October 1987 ended Dart's attempt to take over the company, when Dayton-Hudson stock fell to $28.75 a share the day the market crashed. [2] Dart's move is estimated to have resulted in an after-tax loss of about $70 million. [33]
It added perishables to their inventory, cut back on discretionary items, and spent three-quarters of their marketing budget on advertising that emphasizes value and includes actual prices of items featured in ads. Target also planned to slow its expansion from about 100 stores a year down to 70 stores a year. [132] [133] [134]
Back in its second-quarter earnings report in August, Target (NYSE: TGT) gave investors hope that it was finally turning the corner. Comparable sales rose 0.3% in the quarter as traffic was up 2.4 ...
On Monday, Target slashed prices on more than 1,500 items, ranging from laundry detergent to cat food to sunscreen, with thousands more price cuts expected over the summer. For example, the price ...
Although prices vary depending on city, Target highlighted some examples with a 75-count canister of Clorox wipes being reduced to $4.99 from $5.79 and one pound of unsalted butter from its Good ...
In May, Target announced it was going to slash prices on 5,000 items but ended up surpassing that number, cutting prices on 8,000 products. In total this year, the retailer will have discounted ...
Target is one of America's oldest retail chains and ranks as the world's 11th-largest retailer. Here's how Target's performance has affected its market value.
Target, however, continues to expect full-year revenue growth in the low to mid-single-digit range and expects to maintain or gain market share for the year. Shares of Target Corp. fell $3.69, or ...