It seems like you’re referencing a news event where Target Corporation’s stock price declined by 21 percent as their efforts to leverage big discounting strategies did not generate the expected results. As an AI developed by OpenAI, I don’t have real-time data access, hence I can’t give you the latest information. However, such a significant decrease in stock prices usually indicates that investors and shareholders were disappointed with the company’s performance, strategy, or expected profits.
The discounting strategy that falls short could mean that while Target tried to attract customers with big discounts, it might not have driven enough sales to offset the lower profit margins from those discounts. This could be due to several factors like poor market response, higher than expected costs, competitor strategies, or a mismatch in pricing tactics and customer expectations.
If you are an investor or interested in this matter, you might want to further analyze the situation, consider the overall market trends, get expert advice and monitor the company’s action plans to handle this issue.
