After blasting to a new all-time high in 2021, Target (NYSE: TGT) stock has been a major disappointment and is currently hovering around a three-year low. Target booked record earnings in 2021 as people shifted their spending away from services toward goods. Its earnings and margins have declined since, leading investors to reevaluate Target.

In hindsight, it's safe to say that the pandemic-induced bump in performance was temporary. The objective now is to see how Target can grow permanently over time.

Let's discuss some strategic moves Target has made to engage customers and why the retail company is putting the right pieces in place to ensure long-term growth.

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Source Fool.com