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TARGET STOCK RISES ON INCREASED EARNINGS AND SALES FOR SECOND QUA...
The Minneapolis-based retailer reported adjusted earnings of $1.23, while revenue was $16.43 billion. same-store sales climbed 1.3 percent, and comparable digital sales increased 32 percent.
Read MoreTARGET POSTS BETTER-THAN-EXPECTED FIRST QUARTER
CEO Brian Cornell says that the national retailer exceeded expectations despite a very choppy retail environment and the company now expects that its fiscal year results will come in above previous guidance.
Read MoreTARGET REVEALS DESIGN ELEMENTS OF NEXT GENERATION OF STORES
In October, Target will open its first fully re-imagined store 35 miles southwest of Houston, located off of the Grand Parkway Southwest in Aliana’s Market Center.
Read MoreTARGET TO ADJUST BUSINESS MODEL AFTER DISAPPOINTING EARNINGS
Fourth quarter 2016 sales decreased 4.3 percent to $20.7 billion from $21.6 billion last year, reflecting a 1.5 percent decline in comparable sales combined with the removal of pharmacy and clinic sales from this year’s results.
Read MoreTARGET PROMOTES RICK GOMEZ TO CHIEF MARKETING OFFICER
In this role, Gomez will be responsible for furthering Target’s brand positioning and leading the integration of all marketing programs.
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