Target CEO Admits Sales Struggles as Company Rolls Out Major Fix

Target is pulling out all the stops after a year of steady decline. 

CEO Brian Cornell isn't sugarcoating the problem. "We're not satisfied with this performance," he said during the company's latest earnings call, citing ongoing drops in traffic and sales, especially in discretionary categories.

The retail giant, once a pandemic-era powerhouse, has seen demand for nonessential goods shrink under the weight of inflation and shifting consumer habits. While other retailers like Walmart and Costco face similar headwinds...