Get set to see lower prices, remodeled stores and new private labels at Target

NEW YORK – As Target Corp. continues to reel from the shift to online shopping, executives at the Minneapolis-based retailer dramatically walked back their previous goals for growth and said this year instead would be focused on making significant investments for the future.

Target said Tuesday it will spend $2 billion this year and a total of $7 billion over three years to support its plans, which include price reductions to get more people into stores.

http://www.startribune.com/target-to-launch-new-brands-lower-prices-after-quarterly-results-disappoint/414955904/