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 HyperBit 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 07:48517 view
2025-05-06 07:341821 view
2025-05-06 06:441256 view
2025-05-06 06:34797 view
2025-05-06 06:02809 view
2025-05-06 06:001267 view
How do you bring the African Diaspora to the Grammys?Esperanza Spalding and Milton Nascimento's cont
Walmart has ended a partnership with Capital One that made the banking company the exclusive issuer
Washington — Senate Judiciary Committee Chairman Dick Durbin and subcommittee head Sen. Sheldon Whit