4Q report sinks stock of Target

Posted: March 7, 2018 at 1:53 a.m.

Customers shop in a Target store last fall in Dallas. Target increased its minimum hourly wage last fall to $11, and the CEO reiterated Tuesday that the wage will rise to $15 by the end of 2020.

Target Corp.'s bid to revamp the company and better compete with Amazon.com Inc. and a resurgent Walmart Inc. is taking a toll on profit.

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