Target Launches Membership After Annual Revenue, Sales Decline

Target’s annual revenue declined last year while sales at stores open for at least one year dropped for the first time since 2016. America’s sixth-largest retailer predicted weak sales again this year, driven in part by higher prices. The company has announced that it is re-launching its membership feature, Target Circle 360, which offers customers unlimited same-day delivery in as little as an hour. The membership service will begin in April and cost consumers $49 for the first year for new members through May 18. After that, it will cost $99 per year, the company said. During its annual investors’ meeting on March 5, the retailer said full-year sales decreased 1.7 percent to $105.8 billion from $107.6 billion last year, in part due to a 3.7 percent decline in sales at stores open for at least one year....