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 Fastexy 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.
2025-05-06 15:271159 view
2025-05-06 14:10835 view
2025-05-06 13:52399 view
2025-05-06 13:322477 view
2025-05-06 13:23697 view
2025-05-06 13:20998 view
HOUSTON (AP) — Two teens were killed and three people were injured — including a 13-year-old — in a
NEW YORK (AP) — Mandatory broker fees, an unusual feature of New York City apartment hunting long re
Here are the horoscopes for today, Wednesday, November 13, 2024.For full daily and monthly horoscope