Activist investor Toms Capital Investment Management (TCIM) has made a significant investment in Target , the Financial Times reported on Friday, intensifying pressure on the struggling retailer after years of lagging performance compared with its rivals.

Incoming Target CEO Michael Feddelke must restore its "Tarzhay" product image and address conduct, workplace and citizenship issues that caused reputational decline.

Hedge fund Toms Capital Investment Management has made a significant investment in Target, the Financial Times reported.

Key Takeaways Reports on Friday suggested that an activist investor has taken a stake in beaten-down retailer Target. Precise details about the stake couldn't be immediately determined, but investors nonetheless got on board,

Target Corp.’s online operations have stabilized after a technology outage disrupted the retailer’s digital order pickup, returns and other functions during the all-important holiday period.

Police have confirmed they are "actively investigating the incident" that has triggered a strong viral backlash.

As shoppers dealing with higher living costs continue to seek out bargains, Target has struggled to compete with Walmart.

Outages for the Target app were reported in the morning of Dec. 19, peaking by 12:30 p.m. ET, according to DownDetector.

Target is ending a tough 2025 by launching a new store format in NYC it hopes will convince customers it's a fun place to shop again.

Costco, Target and Home Depot will close early on Dec. 31. These stores will keep the following hours on New Year’s Eve: However, Walmart will not close early during the following hours: If you find that you need to get groceries after hours, you may want to plan ahead, as most other stores will close early.

Target hopes that a recapturing of its cultural cachet will spark a turnaround for its business. It’s turning to a fashion-forward New York neighborhood to get started.