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Big box retailer Target is spending $5 billion on its stores nationwide as part of a wider strategy to keep them profitable and prevent them from shutting down.
The investment is a response to new and old issues faced by the company as well as other big box retailers, including the rise in online shopping, the recent boycott causing profits to plummet and the ongoing threat from shoplifting and other organized retail crime incidents. (Related: Target on pace to lose $1.2 billion in profits over a two-year period due to organized retail crime which is only getting worse .)
The company claims the changes will improve customer experience and emphasize the company’s drive to diversify its products away from grocery items and toward apparel, electronics and home goods.Target’s $5 billion strategy has three main prongs: security, store renovations and “Drive Up Returns.””Drive Up Returns” is a new service […]
Read the rest of this story here: www.naturalnews.com
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If they have $5B to keep them afloat, they don’t need us, the conservative customers.