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 Coxnodigital 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.
2025-05-07 16:16477 view
2025-05-07 15:202768 view
2025-05-07 14:281920 view
2025-05-07 14:072130 view
2025-05-07 13:532700 view
SAINT-DENIS, France — Some athletes adopt the mindset that they don’t lose, they learn. Jamaican spr
MONTGOMERY, Ala. (AP) — The U.S. Environmental Protection Agency announced Tuesday it has opened a c
Lindsie Chrisley doesn't want to rock the boat with her sister.The Chrisley Knows Best alum said she