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Target's Retail Struggles: Has the Magic Faded?
Target, a giant in the American retail sector, has long been cherished for its spacious stores, diverse product offerings, and affordability. With a loyalty program that boasts an impressive 100 million members, the retailer achieved sales totaling $106.6 billion in 2024. However, even as customers maintain their spending, Target has faced a troubling decline in market share against formidable competitors like Walmart and Costco.