TARGET'S FOCUS ON LOWER PRICES IN THE GROCERY AISLE START TO PAY OFF AS COMPARABLE STORE SALES RISE
AppleMagazine|August 23, 2024
Target's comparable sales rose for the first time in a year as grocery aisle deals for cash-strapped customers began to pay off.
TARGET'S FOCUS ON LOWER PRICES IN THE GROCERY AISLE START TO PAY OFF AS COMPARABLE STORE SALES RISE

Sales at stores and digital 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 and the company increased its annual profit outlook, but said sales this year could come in at the low end of its guidance for unchanged to a 2% increase.

Shares spiked 13% after the announcement.

この記事は AppleMagazine の August 23, 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

この記事は AppleMagazine の August 23, 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

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