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in /lifestyle 2 months ago

Declining sales lead Target to add ChatGPT to app, ignoring boycott over Trump support

Target searches for a slump buster - Featured Image

Target searches for a slump buster

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TLDR

Target reported a 3.8% drop in comparable sales for the third quarter, despite growth in food and beverage sales. The retailer is focusing on a tech-driven turnaround, including a new partnership with OpenAI for a conversational shopping experience via its app. Target also plans to increase capital expenditures to $5 billion for the next fiscal year, with a focus on larger-format stores and expanding its delivery coverage. Despite the challenges, Target remains committed to achieving sustainable growth.

11Score: 11

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