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 digital 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.
2025-04-19 22:092295 view
2025-04-19 22:05762 view
2025-04-19 22:041786 view
2025-04-19 21:492688 view
2025-04-19 21:381986 view
2025-04-19 21:02318 view
VIENNA (AP) — Organizers of three Taylor Swift concerts in Vienna this week called them off on Wedne
Big Ed Brown is saying goodbye to his 24-hour fiancée. Less than a week after announcing his engagem
Michael Strahan just added a new role to his ever-growing resume: grandpa.The 52-year-old shared tha