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 Henri Lumièredigital 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.
2025-05-04 17:26150 view
2025-05-04 17:242137 view
2025-05-04 16:49996 view
2025-05-04 16:12675 view
2025-05-04 15:151274 view
2025-05-04 15:011273 view
Early Thursday morning, "Forbes" released their annual list of the 50 most valuable sports franchise
SEATTLE (AP) — A man charged with randomly shooting at cars along Interstate 5 near Seattle on Labor
ATLANTA (AP) — A lawsuit arguing that county election board members in Georgia have the discretion t