The targeted sales are far from the target. The company reported a 2.7% decline in comparable sales in the third quarter, the fifth consecutive quarterly decline. Meanwhile, its stock has fallen nearly 35% this year. “Target is really struggling and doesn’t seem to be able to dig itself out of the hole it’s dug itself into,” said Neil Saunders, analyst at GlobalData Retail. Told CNN.
The retail giant has been slumping for nearly four years as its once-reliable “cheap chic” mix of clothing and home goods no longer meets the expectations of inflation-wary shoppers. It cut 8% of its global workforce earlier this year to rein in costs as sales continued to decline.
As part of the turnaround effort, Target plans to invest about $1 billion more in 2026 for new stores, remodels and an improved digital business. The company also said it would reduce prices on 3,000 everyday items.
Frontier Airlines is offering a $349 pass for unlimited flights through 2027
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Here’s some good news for air travelers who have to endure headaches for weeks. Frontier Airlines has Price cut for its GoWild! The all-you-can-fly annual pass is down to $349, which is a limited-time discount from its usual $599. The pass offers travelers unlimited flights to over 100 destinations until April 2027.
This offer comes with notable limitations. Passholders must book close to departure – usually one day before domestic flights and ten days before international trips – and several blackout dates apply. Each journey costs a cent of the base fare, but taxes, airport fees, seat assignment and bag costs are additional. Frontier also cautions that availability is capacity-controlled, so not every flight will have pass seats.
The move reflects how budget airlines are experimenting with membership-style travel to keep planes full and attract price-sensitive customers.
Adobe buys SEMrush for $1.9 billion
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Adobe is taking a big step in digital marketing, Buying SEMrush for $1.9 BillionThe deal gives Adobe deeper access to search, social and AI-powered content tools, SEMrush shareholders will receive $12 in cash per share,
SEMrush built its business on SEO software, audience insights, and competitor research tools used by millions of marketers. Adobe plans to incorporate those capabilities into its Experience Cloud and expand the way brands track their visibility across search engines and AI platforms.
The acquisition comes at a critical moment for Adobe, which has faced pressure from investors to show momentum in its AI strategy. Adding SEMrush gives Adobe a bigger footprint in marketing tech and a clear path to selling more AI-powered tools.
Elon Musk wins huge Saudi deal for massive new data center
Photo by Brendan Smialowski/AFP) (Photo by Brendan Smialowski/AFP via Getty Images)
Elon Musk’s xAI inks a deal with Saudi Arabia’s state-backed AI firm Humana Building a big data center in the stateThe facility is expected to use up to 500 megawatts of power, making it xAI’s largest data center outside the US,
For Crown Prince Mohammed bin Salman, the partnership is part of an effort to diversify the Saudi economy and transform the country into an AI and tech hub. US officials also reached a deal this week that will allow Saudi Arabia to buy American-made semiconductors needed to power the project.
For Musk, the deal gives xAI a powerful financial partner. He has also been in advanced talks To raise approximately $15 billion in new equity funding, which would push xAI’s valuation to approximately $230 billion.
The targeted sales are far from the target. The company reported a 2.7% decline in comparable sales in the third quarter, the fifth consecutive quarterly decline. Meanwhile, its stock has fallen nearly 35% this year. “Target is really struggling and doesn’t seem to be able to dig itself out of the hole it’s dug itself into,” said Neil Saunders, analyst at GlobalData Retail. Told CNN.
The retail giant has been slumping for nearly four years as its once-reliable “cheap chic” mix of clothing and home goods no longer meets the expectations of inflation-wary shoppers. It cut 8% of its global workforce earlier this year to rein in costs as sales continued to decline.
As part of the turnaround effort, Target plans to invest about $1 billion more in 2026 for new stores, remodels and an improved digital business. The company also said it would reduce prices on 3,000 everyday items.
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