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 Marcus Eriksondigital 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.
2025-05-01 22:1155 view
2025-05-01 21:442821 view
2025-05-01 21:34929 view
2025-05-01 21:32710 view
2025-05-01 21:201770 view
2025-05-01 21:002186 view
NEW YORK — Chino Lopez, aka B-boy Action, took a page out of Wilt Chamberlain's book. His breaking c
A Mexican fisheries industry leader who complained of drug cartel extortion and illegal fishing was
TEHRAN, Iran (AP) — An Iranian court on Thursday ordered the U.S. government to pay over $6.7 billio