Target's $0.74B Volume Drops 20% to 145th as Holiday Demand Slows and Digital Shifts Take Hold

On September 25, 2025, Target (TGT) recorded a trading volume of $0.74 billion, a 20.43% decline from the previous day, ranking it 145th in market volume. The stock closed down 1.32%.

Recent developments highlight shifts in consumer spending patterns, with analysts noting a slowdown in holiday-related inventory turnover. A report underscored reduced demand for seasonal items, particularly in home goods and apparel categories, which constitute a significant portion of Target’s revenue. This trend has prompted investors to reassess short-term growth prospects.

Operational adjustments are also under scrutiny. The company announced a strategic reallocation of resources toward digital fulfillment channels, including expanding its Target.com delivery network. While this aligns with broader retail industry trends, execution risks remain, as physical store traffic dipped 4.2% year-to-date in the latest quarter. Market participants are monitoring whether these changes will offset margin pressures from rising logistics costs.

To run this back-test faithfully we would need, for every trading day from 2022-01-03 to today, the list of all U.S. stocks ranked by that day’s trading volume, then construct an equal-weighted basket of the top 500 names, buy it at the next session’s open (or close), hold one day, liquidate, and repeat.