Target Tries to Shake Off ‘Pandemic Hangover' as Sales Slump

After seeing revenues surge during the pandemic, Target has been facing tough times.A report Sunday (June 30) by the Financial Times (FT) examines the retailer’s recent struggles: sales have slipped in part to protests against its LGBTQ+ themed products, and affluent consumers have turned their attention to Walmart. It’s led some observers to wonder if the brand has lost its spark.“They have a pandemic hangover,” Chris Walton, a former Target executive who runs Omni Talk, a retail sector-focused media compa ...