Target Q3 sales dip as retailer details 2026 investment plan

US retailer Target has reported lower third-quarter sales for the period ended 1 November 2025, and has outlined plans to increase investment in stores and digital operations in 2026. Net sales fell 1.5% to $25.27bn as the retailer works to halt three consecutive quarters of declining comparable sales. In August 2025, Target announced the appointment of Michael Fiddelke as its new CEO, effective from 1 February 2026. In October, the company moved to cut 1,800 corporate positions as part of efforts to re ...