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 Henri Lumièredigital 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.
2025-05-05 17:562210 view
2025-05-05 17:282532 view
2025-05-05 16:402630 view
2025-05-05 16:272596 view
2025-05-05 16:152093 view
2025-05-05 16:06373 view
A private company aiming to build the first supersonic airliner since the Concorde retired more than
AQABA, Jordan (AP) — Top U.S. officials were in the Middle Easton Thursday, pushing for stability in
LOS ANGELES (AP) — The California Department of Motor Vehicles has apologized for an “unacceptable a