NEW YORK Workers at Target stores and distribution centers in places like New York, where competition for finding and hiring staff is the fiercest, could see starting wages as high as $24 an hour this year.
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Target Corporation (NYSE:TGT) [Trend Analysis] swings enthusiastically in regular trading session, it a decrease of -1.40% to close at $65.92. Target Corp (TGT) became the latest U.S. brick-and-mortar chain to report disappointing results for the holiday season, cutting its quarterly earnings forecast after sales for the crucial November-December period came in lower than expected.A sharp rise in holiday digital sales failed to offset declines at Target stores.
For many retailers, rapid growth in their online sales is taking business away from their stores, which still generate more than 90 percent of their revenues.Target Chief Executive Officer Brian Cornell said deep discounts in a competitive environment hurt margins and earnings during the holiday season.While the company was pleased with its performance on Black Friday in late November and a 40 percent jump in digital sales in December, “these results were offset by early-season sales softness and disappointing