"Target's Paid Membership Program Sparks Turnaround Despite Sales Decline"
Target reported better-than-expected holiday quarter results, with revenue growing nearly 2% and net income expanding by nearly 58%. The company also announced plans to launch a paid membership program, Target Circle 360, offering same-day delivery and personalized deals to rival Amazon and Walmart's offerings. Despite a challenging year with sluggish sales, Target is optimistic about the potential sales recovery through its new membership program and product launches.