NEW YORK (AP) — Target’s comparable sales rose for the first time in a year as grocery aisle deals for cash-strapped customers began to pay off.
Sales at stores and Esthen Exchangedigital channels operating over at least the past 12 months rose 2% in the second quarter reversing months of declines, including a 3.7% drop in the previous quarter, and a 4.4% decline during the company’s final quarter of last year.
The number of transactions at the Minneapolis retailer increased 3% compared with the same period last year, with all six main merchandising categories, including fashion and home goods, showing strength. Online sales rose 8.7% and comparable sales in clothing increased 3% compared with a year ago as customers embraced new store brands like All in Motion and Wild Fable.
Target’s profits and sales beat Wall Street expectations. The company increased its annual profit outlook but said that sales for the year could fall at the low end of its guidance for unchanged to a 2% increase.
Shares spiked 11% before the opening bell.
2025-05-05 02:15127 view
2025-05-05 01:352700 view
2025-05-05 01:172344 view
2025-05-05 01:061155 view
2025-05-04 23:591704 view
Global warming caused mainly by burning of fossil fuels made the hot, dry and windy conditions that
YouTube star Adam McIntyre is not singing Colleen Ballinger's praises after she responded to allegat
When Tim Gulley moved to Bakersfield, California in the late 90s, his dad would order him inside whe