The retail giant reports another slump ahead of the holiday season.
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Target sales are way off target. The company reported a 2.7% drop in comparable-sales in the third quarter, its fifth straight quarter of decline. Meanwhile, its stock has falled nearly 35% this year. “Target is really struggling and does not seem to be able to climb out of the hole it has dug itself into,” Neil Saunders, an analyst at GlobalData Retail, told CNN.
The retail behemoth has been slipping for nearly four years, as its once-reliable “cheap chic” mix of clothing and home goods has fallen out of step with what inflation-wary shoppers want. Earlier this year it cut its global workforce by 8% to rein in costs as sales continue to slide.
Target plans to invest about $1 billion more in 2026 for new stores, remodels and an improved digital business, as part of a turnaround effort. The company also said it will slash prices on 3,000 everyday items.
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Here’s a bit of good news for air travelers who’ve had to endure weeks of headaches. Frontier Airlines has cut the price of its GoWild! All-You-Can-Fly Annual Pass to $349, a limited-time discount from its usual $599. The pass gives travelers unlimited flights to more than 100 destinations through April 2027.
The offer comes with notable limits. Passholders must book close to departure — typically one day before domestic flights and ten days before international trips — and several blackout dates apply. Each trip carries a one-cent base fare, but taxes, airport fees, seat assignments, and bags cost extra. Frontier also warns that availability is capacity-controlled, so not every flight will have pass seats.
The move reflects how budget airlines are experimenting with subscription-style travel to keep planes full and court price-sensitive customers.
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Adobe is making a big move in digital marketing, buying Semrush for $1.9 billion. The deal gives Adobe deeper reach into search, social, and AI-driven content tools. Semrush shareholders will receive $12 a share in cash.
Semrush built its business on SEO software, audience insights, and competitive research tools used by millions of marketers. Adobe plans to fold those capabilities into its Experience Cloud and expand how brands track their visibility across search engines and AI platforms.
The acquisition comes at a crucial moment for Adobe, which has faced investor pressure to show momentum in its AI strategy. Adding Semrush gives Adobe a bigger footprint in marketing tech and a clearer path to selling more AI-powered tools.
Target sales are way off target. The company reported a 2.7% drop in comparable-sales in the third quarter, its fifth straight quarter of decline. Meanwhile, its stock has falled nearly 35% this year. “Target is really struggling and does not seem to be able to climb out of the hole it has dug itself into,” Neil Saunders, an analyst at GlobalData Retail, told CNN.
The retail behemoth has been slipping for nearly four years, as its once-reliable “cheap chic” mix of clothing and home goods has fallen out of step with what inflation-wary shoppers want. Earlier this year it cut its global workforce by 8% to rein in costs as sales continue to slide.
Target plans to invest about $1 billion more in 2026 for new stores, remodels and an improved digital business, as part of a turnaround effort. The company also said it will slash prices on 3,000 everyday items.
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