Taghit Department Stores After The End Of The Holiday Season Can Not See The Loss.

Target Corp. (NYSE:TGT), Taghit department store announced on Wednesday that it will close 11 states and 13 department stores after the end of January holiday season, accounting for less than 1% of the 1800 stores in the United States.

Target Corp., Taghit Department Store Group spokesman pointed out that the profit of the forthcoming shop has been deteriorating in the past few years, so after careful deliberation, such a tough decision has been made, and the affected employees will be redistributed to other stores.

Brian Cornell will increase the amount of resources released after the compression of human resources to increase investment in technology, supply chain and inventory management. The amount will increase to $1 billion, accounting for half of the total annual capital expenditure budget of 20-22 billion US dollars, with a view to achieving an annual growth of 40% in digital channel sales.

Target Corp. (NYSE:TGT) fell 1.07% on Wednesday to $77.39, basically smoothing the cumulative gains in 2015.

Macy Messi Inc. (NYSE:M), the largest chain store retailer in the US, decided to close 14 stores this year and has planned to close 35-40 stores early next year.

J.C. Penney Co. Inc. (NYSE:JCP) Penny department store closed shop plan for 40, and more popular Sears Holdings Corp. NASDAQ:SHLD (NASDAQ:SHLD) Sears department store has closed 235 stores.

Meanwhile,

Corp. Taghit department store intends to set up 15 smaller stores with more flexible concepts. Among them, the TargetExpress stores like convenience stores and the CityTarget two store concept close to urban life will take up half of the total. However, in August this year, the group announced the abolition of the concept of TargetExpress and CityTarget, which all unified as Target brand, but the expansion strategy of small stores remained unchanged.

Target Corp. Taghit department store continued to achieve super expected growth in the last two quarters, and then raised its annual target again after the first quarter.

Benefit from the new chairman and chief executive officer, Brian Cornell

With the rising demand for home products, the Group recorded a 2.4% growth in the same quarter sales in the two quarter, better than the market expectations of 2.2%, and grew for 4 consecutive quarters. The overall sales grew more continuously for 6 quarters, up 2.8% to 17 billion 427 million dollars over the same period, which is in line with market expectations.

The increase is 30%.

The "signature" category, which is heavily invested in fashion, health, infant and children groups with higher gross profit margins, continues to lead to sales growth, and gross margin has increased by 50 basis points to 30.9%.

The group now expects the adjusted EPS will be in the range of US $4.60-4.75, which was expected to be US $4.50-4.65. The initial expected range is US $4.45 and the market is expected to be US $4.62.

Target Corp., Taghit group, which suffered heavy losses in 2013 due to customer data leakage and massive failure to enter Canada, issued a two-year cost reduction plan for massive layoffs in March this year. After losing the Canadian market and laying off 730 people worldwide, it continued to cut thousands of posts through the restructuring of enterprises, but it did not disclose the specific number.

In the two weeks after the plan was announced, the group took the lead in dismissing 1700 people, and in June, it reduced the positions of 140 group headquarters.