Investors are betting that Target Corp. can regain the buzz that oncemade it one of the most successful retailers in the industry,according to a recent Barron's article. The chain's salesstarted suffering in 2008, as consumers decided that Walmart was abetter price option during the recession.
Observers are especially excited about two initiatives: the rollout of more fresh groceries in its stores and 5% discount programthat will debut in the fall. Same-store sales are improvingslightly, with a 2% gain in July.
Will these initiatives and others be enough for Target to getback in the spotlight? Or are its sales woes over the last coupleof years an inevitable part of a rough economy that will simplymake retailers suffer across the board?
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