"Target Introduces Target Circle 360: A New Paid Membership Program with Same-Day Delivery and More"

Target is launching a new paid membership program called Target Circle 360, offering unlimited free same-day delivery and free two-day shipping for orders over $35. The program will initially cost $49 per year for new members, with a subsequent price of $99 per year. Target aims to rejuvenate sales and traffic with this move, along with plans to refresh stores, expand store-owned brands, and build over 300 new stores. The company reported a decline in sales but delivered a 58% increase in fourth-quarter profits, and it expects a comparable sales decline of 3% to 5% for the current quarter.