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16 Things You Need to Know This Morning

16 Things You Need to Know This Morning
Wall Street 'Overreacts' To Target
Earnings, Shift In Business Model
Target Corp.'s shared dropped 14% after it announced a three-year, $7B repositioning plan that involves lowering prices and pushing farther into urban metros with its smaller-store format. Cushman & Wakefield national research retail director Garrick Brown said the response was an overreaction based on broader fears about the retail industry, and he said the shift to urban stores is proving to be a successful move.

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Related Topics: Morning Brief (DC)