Target Holiday Quarter Results Surpass Expectations with New Membership Program
Tuesday, 5 March 2024, 22:15
Fiscal Fourth Quarter Results
Target (NYSE: TGT) reported strong revenue and profit growth in the holiday quarter, surpassing market forecasts. The company's shares jumped 12% in morning trading as a result.
Paid Membership Program Launch
Target unveiled a new paid membership program as part of its strategy to rival competitors like Walmart (NYSE: WMT) and Amazon.com Inc (NASDAQ: AMZN). The move is aimed at enhancing customer retention and driving sales growth.
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