Target Corporation October Sales Down 0.7 Percent

I found the article "Target Corporation October Sales Down 0.7 Percent" in the New York Times. This article was published on November 6,2008.

Target Corporation reported that its net retail sales for the four weeks ended November 1, 2008 decreased 0.7 percent. Target's current sales disclosure practices includes a sales recording on the day of the monthly sales release.

Sales for the month of October were considered disappointed. Chief executive officer of Target Coporation expects these results to continue into the holiday season and beyond as a result of the economic factors currently affecting consumer spending.

Target Corporation's retail segment includes large general merchandise and food discount stores and Target.com, a fully integrated on-line business. Moreover, the company operates a credit card segment that offers branded proprietary and Visa credit card products. The company currently operates 1,684 Target stores in 48 states.

Management is always responsible for the economic situation of a company. The management department needs to anticipate or forecast future sales in order to decrease possible losses. Technology plays an important role in this situation because of the current economic crisis. Target Corporation joined forces with Visa to enhance a better shoping experience for their guests. Target also started to use RFID tags on cases and pallets, as part of its new technology.