Target Corp. (TGT) Friday, reportedly reduced bonuses for employees in view of lower sales and softer consumer spending.
According to Bloomberg, employees of Target might get 87 percent of their 2024 bonuses. The company is planning to disburse bonuses by the end of this month.
Target had reported a decline in fourth quarter earnings, from the previous year, on 3.1 percent decline in revenues. Higher expenses were eating into its margin, despite higher traffic.
Currently, TGT shares are at $102.99, down 1.16 percent on a volume of 2,702,662.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.