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Investors: Target's holiday advertising promotion can only go so far.
In one of the most competitive holiday seasons in years, major USA retailers Target and Walmart are increasing their advertising investments to reach shoppers through the Short Video app TikTok and streaming platforms. However, investors indicate that, while recent USA credit and debit card data shows that Target has seen a slight gain, with shoppers spending slightly more in early December compared to a year ago, the Minneapolis-based chain has been nearly unable to reverse the trend that puts it at a disadvantage this year. Target has over 1,950 stores across the USA, primarily operating in non-essential goods, and as sales decline, its market share has dropped. This year,
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Nordstrom has reached a Trade of 6.25 billion dollars and will be delisted from the US stock market.
On Monday, the USA luxury department store chain Nordstrom announced that it has agreed to a acquisition trade valued at approximately $6.25 billion with Nordstrom's founding family and the Mexican department store El Puerto de Liverpool, after which it will become a private company. The Board of Directors unanimously approved the trade, which is expected to be completed in the first half of 2025. As part of the trade, the Nordstrom family will own a majority stake of 50.1% in the company, and El Puerto de Liverpool will...
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