No Picture
Trading Ideas

Target posts best comparable sales growth in 13 years, shares hit record

The Minneapolis-based retailer also raised its annual profit forecast and said its quarterly performance was driven by demand for home products, toys and electronics as well as a rebound in seasonal merchandise sales after cold weather in the first quarter hurt demand. Chief Executive Officer Brian Cornell said the jump in customer traffic during the second quarter was unprecedented. The retailer recorded market share gains across most categories, he added. …read more […]