Target has been struggling with a sales slump and decreased customer traffic, though CEO Michael Fiddelke has said the retailer is poised for a turnaround.

Is your area getting a new Target store?

Target's stock plunged in early trading Wednesday, despite quarterly results that came in ahead of Wall Street estimates.

Former Walmart executive Jeff England will lead supply chain and logistics at the retailer as Target tries to pull out of a yearslong sales slump.

Target, looking for a path ​out of a long sales slump, is zeroing in on young families to build a loyal customer base ‌among consumers who in recent years have moved towards low-price competitors like Walmart and TJX.

Target reported its largest jump in comparable sales in four years Wednesday, marking an early success for its new CEO who embarked on an ambitious turnaround plan three months ago. The retailer attributed the better-than-expected performance to increased customer purchases across all six of its primary merchandising categories.

Target on Tuesday named former Walmart executive Jeff England as its chief supply chain officer, as CEO Michael Fiddelke bolsters ⁠the retailer's management team in his push to drive efficiency and restore sales ​growth.