Target Adjusts Outlook as Turnaround Efforts Continue
Target trimmed its 2025 profit outlook due to cautious shoppers and soft demand. Incoming CEO Michael Fiddelke plans a $5 billion investment next year to fuel growth.
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Amazon is Doubling Down on Groceries with a New Private-Label Collection
Amazon launched Amazon Grocery, a new private-label food brand (1000+ items) replacing Fresh/Happy Belly. Most items are under $5. Rivals slipped.
Target's Leadership Shift & Q2 Recovery
Target appoints Michael Fiddelke CEO, effective 2026. Despite Q2 earnings beating estimates with improved traffic and digital growth, shares fell as annual forecasts remain unchanged amidst retail challenges.