Target has been struggling with a sales slump and decreased customer traffic, though CEO Michael Fiddelke has said the retailer is poised for a turnaround.

Target’s turnaround efforts include everything from redesigned shopping carts to a “concierge” service for baby products. But the retailer’s optimism about those plans has run up against skepticism from investors,

Shares of Target (NYSE: TGT) backtracked on Wednesday after the discount retailer issued a cautious outlook for the remainder of the year. A Target store. Image source: Target. Will AI create the world's first trillionaire?

Target's stock plunged in early trading Wednesday, despite quarterly results that came in ahead of Wall Street estimates.

Is your area getting a new Target store?

Target on Tuesday named former Walmart executive Jeff England as its chief supply chain officer, as CEO Michael Fiddelke bolsters ⁠the retailer's management team in his push to drive efficiency and restore sales ​growth.

Target reported its largest jump in comparable sales in four years Wednesday, marking an early success for its new CEO who embarked on an ambitious turnaround plan three months ago. The retailer attributed the better-than-expected performance to increased customer purchases across all six of its primary merchandising categories.