Target is thriving thanks to big earners shopping smaller stores
The retail apocalypse decade
FOX Business’ Grady Trimble reports on the record number of store closures across the U.S. in 2019 and the major brands lost during the past 10 years. Then, retail analyst Hitha Herzog discusses what retail trends we will likely see in the new decade.
Manhattan's Upper East Side, one of the nation's most affluent neighborhoods, is also home to one of Target's newest smaller-stores which opened last fall.
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"We're moving into new neighborhoods. Those are guests that were not shopping Target on a regular basis before, they are now," said Target Chairman and CEO Brian Cornell on the company's November conference call.