Target spent billions on a move that Wall Street hates, and now it's paying off in a big way TGT

Get the Full StoryRick Wilking Reuters

Wall Street slammed Target's decision last year to invest 7 billion in a plan that involved remodeling 600 stores when many of its competitors were closing locations.

Now shopper traffic to Target stores is growing faster than it has in more than a decade.

The number of shoppers visiting Target stores jumped 3.7 in the most recent quarter.

Target's massive investment in its stores appears to be paying off.

In the most recent quarter, the number of shoppers visiting Target jumped 3.7 , marking the strongest quarterly growth of that metric in more than a decade. Same-store sales grew 3 , compared to a 1.3 decline in the period last year. See the rest of the story at Business InsiderNOW WATCH: We ate everything on Taco Bell's Dollar Cravings Menu here's what we thoughtSee Also:How Target gets you to keep spending moneyStarbucks just broke one of the biggest rules in the restaurant industry and it reveals a huge problem for the coffee giantVictoria's Secret has a bold new look that's straight out of its rival's playbookSEE ALSO: Amazon, Best Buy, and Home Depot are tracking your returns through a simple process that could get you blacklisted

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