New Target CEO Forecasts Turnaround to Retailers Lackluster Sales in 2025

A person walks toward a Target store in Nashville, Tenn., on July 15, 2025. George Walker IV/AP PhotoTarget Corp. reported on March 3 slumping sales in the fourth quarter of fiscal 2025, but its shares closed up by more than 6 percent after its new CEO forecast stronger net sales in 2026.The Minneapolis, Minnesota-based retailer reported fourth-quarter net sales of $30.5 billion, spearheaded by 30 percent growth in same-day delivery sales from its Target Circle 360 paid membership program. Net sales for the final quarter of 2025 were 1.5 percent lower than the comparable year-earlier quarter, Target said, with same-store sales dipping by 3.9 percent but digital sales rising by nearly 2 percent.