Target is struggling with declining sales and foot traffic, with a 3.2% decrease in comparable store sales and a 3.1% drop in customer visits. Operating income fell by 19.4% to $1.3 billion. To combat this, Target plans to replace CEO Brian Cornell with COO Michael Fiddelke and make crucial changes to merchandising, customer experience, and technology. Fiddelke highlighted the need for unique merchandise, improved customer service, and key technology investments. Bank of America analysts claim Target may need to raise prices due to tariffs, potentially impacting sales. A survey shows 86% of consumers are concerned about tariffs, leading 81% to change shopping habits.

Read more at Yahoo Finance: Target stores will soon undergo big changes as shoppers pull back