Heard on the Street: A miss in Target’s earnings is sending an arrow through the heart of the retail sector
Airlines, gas stations and retailers use complex algorithms to adjust their prices in response to cost, demand and competition. WSJ’s Charity Scott explains what dynamic pricing is and why companies are using it more often. Illustration: Adele MorganA miss in Target ’s earnings is sending an arrow through the heart of the retail sector.
The company on Wednesday said comparable sales grew 3.3% in the quarter ended April 30, which was better than the 0.24% that analysts polled by Visible Alpha had expected. But while total revenue grew,
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