Target to spend $4 bln a year to speed up delivery as pandemic spurs online gains

Target Corp will invest $4 billion annually over the next several years as the big box retailer upgrades stores and strengthens its online business, hoping to cement gains made during the pandemic that led to blowout holiday quarter results. Shares, up 80% for the year before Tuesday's announcement, fell as much as 6.8% on the expected hit to margins.
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