Target to spend $5B on store revamp as months-long sales slump deepens

Target said Wednesday it plans to invest $5 billion across stores next year in an effort to win back customers as the retail giant reported its 12th-straight month of weak or falling sales.Same-store sales fell 2.7% in the three months ended Nov. 1. Customers visited Target less often and spent less while they were there, with foot traffic plunging 2.2% and average transactions falling 0.5% from the previous year.Target said Wednesday that it plans to invest $5 billion across stores next year. REUTERSShares ...