Coxno:Target’s focus on lower prices in the grocery aisle start to pay off as comparable store sales rise

2025-05-07 16:31:57source:Rekubitcategory:reviews

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.

More:reviews

Recommend

Jamaica's Kishane Thompson more motivated after thrilling 100m finish against Noah Lyles

SAINT-DENIS, France — Some athletes adopt the mindset that they don’t lose, they learn. Jamaican spr

EPA to investigate whether Alabama discriminated against Black residents in infrastructure funding

MONTGOMERY, Ala. (AP) — The U.S. Environmental Protection Agency announced Tuesday it has opened a c

Lindsie Chrisley Shares Why She Hasn’t Reached Out to Sister Savannah Over Death of Nic Kerdiles

Lindsie Chrisley doesn't want to rock the boat with her sister.The Chrisley Knows Best alum said she