Viola Davis slams Target’s apology
Digest more
Top analyst raises NVIDIA stock price Target
Digest more
De Zerbi sets Savio goals Target
Digest more
Target apologized for a Halloween circus clown costume that critics said appeared to conjure blackface and 19th-century minstrel shows.
After a second quarter of positive growth, Target is executing a turnaround strategy focused on merchandising, guest experience, tech acceleration, and store operations.
Grocery accounts for less than a quarter of Target's merchandise sales, well below rival Walmart's 59%. Euromonitor data seen by Reuters showed Target held about 5% of the U.S. grocery market at the end of 2025, compared with Walmart's 27%.
The retailer is hoping to reverse years of weak sales and better compete against rivals like Walmart and Kroger.
Target pulled a costume resembling a racist caricature, but community leaders say the apology is insufficient.
Rosenblatt Securities raised HIVE Digital's price target, citing the company's growing push into AI infrastructure after a strong fiscal first quarter.
Target and Lowe's have built dividend streaks over decades, but the balance sheets underneath those payouts tell very different stories.