Target shares jump as retailer unveils paid membership program to rival Walmart, Amazon

Target on Tuesday reported higher holiday-quarter earnings on a smaller-than-expected sales decline and predicted that annual comparable sales would come in largely above Wall Street expectations, sending its shares up 12% in early trade.The mass merchandiser is banking on same-day services, product launches and a new membership program to boost spending at its stores.Target plans to launch a membership feature called Target Circle 360 next month, which would offer shoppers unlimited same-day delivery, CEO ...