No back-to-school turnaround for Target, beset by more boycotts

Foot traffic at retailer Target continued to decline through late summer, reports Fortune, dashing hopes of a back-to-school season turnaround. The new CEO, a longtime company insider, has his work cut out for him.

In August, foot traffic fell 3.3% year over year for Target, with the week beginning August 25 (which included the long Labor Day weekend) dropping 4.6%, marking its worst weekly decline in seven weeks, according to data from Placer.ai.

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