Target's CEO Tries to Reassure Investors After Holiday Sales Miss
Target (NYSE: TGT) had a mild stumble with its holiday-season sales. The retail giant saw comparable-store sales grow by only 1.4%, down from 5.7% during the same period in 2018.
That's not a disaster, but its a disappointment that might make shareholders question whether the chain's long-term plan is working. CEO Brian Cornell understands those concerns and addressed them in an interview last week posted by the company.
"After three strong quarters this year and a record-breaking holiday season in 2018, we had some really ambitious plans heading into the season," he said. "While we knew this season was going be challenging, it was even more challenging than we expected."
Source Fool.com
