Target (TGT) and Macy’s (M) announced that June same store sales were below analyst estimates. Sales at Target increased by 2.1 percent, below expectations of a 2.8 percent gain. Macy’s reported a 1.2 percent increase in same-store sales, well below the estimate of 2.3 percent. Macy's blamed [...]
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BING NEWS:
- Target says its holiday sales were better than expected — but its profits weren't
Discounts and sales events have remained a significant sales driver, as consumers emerge from a more than two-year stretch of high inflation. It’s unclear how much those deals will cut into Target’s ...
01/16/2025 - 6:11 am | View Link - Target’s Guidance Hike Fails to Offset Wall Street Concerns
Target Corp. raised its sales guidance following a better-than-expected holiday season, but the boost wasn’t big enough to ease investors’ concerns about profitability.Most Read from BloombergThese ...
01/16/2025 - 2:13 am | View Link - Target's Holiday Sales Surge 2.8%: Digital Growth And Black Friday Wins Drive Results
Target Corp (NYSE:TGT) reported a 2.8% increase in holiday sales during the November and December period. The company saw comparable sales rise 2% and solid sales during the Black Friday and Cyber ...
01/16/2025 - 1:31 am | View Link - Target Raises Holiday Sales Forecast On Robust Apparel, Toy Demand
Target raised its holiday-quarter comparable sales forecast, buoyed by robust shopper demand for clothing, toys and beauty products.
01/15/2025 - 11:59 pm | View Link - Target Revises Holiday Sales Outlook on Strong Apparel, Toy Demand
Analysts surveyed by LSEG had expected fourth-quarter comparable sales to rise 0.2%. However, the retailer maintained its forecast for fourth-quarter and full-year adjusted earnings per share to be in ...
01/15/2025 - 10:33 pm | View Link - More
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