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Report: Target in store renovation push
In the wake of a disappointing quarter, Target Corp. is making long-term investments in its future. The discounter plans to spend $7 billion in cash during the next three years as it lowers its prices and invests in its stores, with renovations planned for some 600 locations, reported CNBC. "We can't capture that market share if we're presenting an old, tired store," Target CEO Brian Cornell said. -
eMarketer: Led by mobile, digital sales growth set for another record year
A record 68% of the U.S. population will make at least one purchase via a digital channel in 2017. That’s according to eMarketer’s 2017 Retail Outlook, which projects another strong year for digital growth. The report forecasts that e-commerce sales will increase 16.0% in 2017 to $462.17 billion, while total retail sales will grow 3.5% to $5.01 trillion.

