The big-box US retailer Target is struggling to return to growth a year after backlash against LGBT+ themed merchandise triggered sharp declines in sales, while arch-rival Walmart is luring more of the affluent customers that form the backbone of its business.
Target won legions of fans starting in the 1990s with stylish in-house brands and advertising that lent its stores an aura of affordable chic. Annual revenue exploded to more than $100bn after the onset of Covid-19 as cash-rich…
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