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StockNews.com
StockNews.com
Business
Kritika Sarmah

Target (TGT): October Buy or Sell?

In light of the upcoming holiday season, retail giant Target Corporation (TGT) has unveiled its strategy to employ nearly 100,000 new workers. Starting in October, the company also plans to introduce festive period offers. This move is seen as a preemptive response to anticipated slower growth in U.S. holiday sales this year, caused by economic concerns and rising prices that are predicted to impact consumer spending.

Adding to recent developments, TGT confirmed the imminent shutdown of nine locations across four states, including a branch in East Harlem, New York City, and three in the San Francisco Bay Area. The closures were deemed necessary due to increasing safety hazards linked to theft and organized retail crimes affecting these stores.

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