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The Independent UK
The Independent UK
Business
Erin Keller

Target announces billion-dollar plans to revamp stores and app as profits continue to slide

Target says it’s gearing up for a major overhaul to reverse its ongoing sales slump and will spend billions of dollars to make it happen.

Incoming CEO Michael Fiddelke said the company will invest about $5 billion in upgrades next year, which is a roughly $1 billion increase year-on-year.

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