Target has raised its quarterly dividend amid intensifying retail competition. Despite the increase, the company's renewed private-label push has not prevented a decline in market share. Target reported weaker comparable sales for the quarter ended May 4, marking its fourth consecutive quarterly drop, while major rivals experienced growth in first-quarter sales.
While major rivals said first-quarter sales rose from growing market share, Target posted weaker comparable sales for the quarter ended May 4, its fourth straight drop. https://t.co/K01DORt6Kg
Target’s renewed private-label push fails to stem market share drop https://t.co/9yoUVyW0R2
Target's renewed private-label push fails to stem market share drop https://t.co/jvfQKx5tuI https://t.co/FZa0zEwFzL
#Target's renewed private-label push fails to stem market share drop https://t.co/Q83CppXmyg
🇺🇸 Target raises quarterly dividend as retail competition heats up https://t.co/0XGD4fT9H7