In a Q&A posted on its website, Stephanie Lundquist, Target’s chief human resources officer, discussed the wage hikes and what they mean for the company.
After an extended period of performance fluctuating between poor and lackluster, Target has finally pulled a rabbit out of the proverbial hat and delivered an excellent set of numbers.
Wage increases took a bite out of Target’s profit in the fourth quarter even as its sales surpassed Street expectations and its digital channel continued to make impressive gains.