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 Writingstar Investment Guilddigital 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.
2025-05-03 10:502183 view
2025-05-03 10:38815 view
2025-05-03 10:241702 view
2025-05-03 10:01289 view
2025-05-03 08:55171 view
2025-05-03 08:472414 view
WASHINGTON (AP) — Senate Republican leader Mitch McConnellis still suffering from the effects of a f
Hayley Williams is sharing the importance of mental wellbeing.The Paramore frontwoman detailed her m
HUNTINGTON BEACH, Calif. (AP) — Federal officials this week offered a $20,000 reward for information