Consumer
Target’s Corporate Bonuses Decline On Lower Sales, Profit
Sales and profit dipped slightly in fiscal 2024 from the year prior due to weaker discretionary spending.
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Target Corp. cut bonuses for its salaried employees, as the retailer’s sales and profit fell on soft consumer spending.
Employees are set to receive 87% of their eligible 2024 bonuses, said people familiar with the matter. Bonuses will be payable at the end of the month, the people said.