Target earnings, revenue top expectations

  • 📰 CNBC
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 72%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

Target saw a surge of shoppers head to its stores and website during the 2018 holiday season, a sign that its investments in store remodels and delivery services are paying off.

div > div.group > p:first-child"> Here's what analysts are expecting, based on average estimates compiled by Refinitiv:

Big-box retailers Target and Walmart, for the most part, have been immune to the same sales slumps that other companies are facing. Walmart grew its e-commerce sales a whopping 43 percent during the fourth quarter. To stay competitive, Target's been investing in rolling out more in-house brands. It will soon launch three new lingerie and sleepwear brands to rival Victoria's Secret. It continues to ink deals with popular fashion lines to collaborate on exclusive merchandise to be sold in Target stores; its latest is with Vineyard Vines.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Not sure why, but after having a child, we shop at Target way more. Never did before.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Economy slows to 2.6% in 4th quarter, GDP shows, but consumers and businesses show plenty of resilienceA slumping housing market and bigger trade deficit softened up the economy in the final three months of 2018 after a torrid spell of growth last spring and summer, but consumers and businesses still showed plenty of resilience. GDP grew 2.6% in the fourth quarter and 2.9% for all of 2018. Uh, 2018 was 3%+GDP. Best since 2005 actually. well noted marketwatch “was” Q3 was peak. Now we roll down the Rate of Change sine curve as we compare against 2018 & two-year average.
Source: MarketWatch - 🏆 3. / 97 Read more »

A record number of robots were put to work across North America in 2018, report saysIn the U.S. alone, robot shipments across all sectors increased by more than 15 percent, marking a record number of shipments to American companies. YAY!!! Screw humanity. The world will survive just fine with a handful of trust fund babies and 100 or so foreign programmers. And the super smart Americans thinks a mere 50K H1B holders snatching away blue collar jobs 🤔 Deport them !
Source: CNBC - 🏆 12. / 72 Read more »

Trump got a strong economy in 2018, but first quarter of this year looks very weakA surprise jump in business spending boosted fourth quarter growth to 2.6 percent, but economists say the first quarter could grow at half that pace due to the government shutdown and a sluggish consumer. We should do rolling YOY analysis. The truth is worse than they will show/say Nope
Source: CNBC - 🏆 12. / 72 Read more »

Construction spending sags in 2018 — but falling interest rates lift odds of bounce backHigh home prices, rising mortgage rates and shortages of land and skilled workers took a toll on builders in 2018. The construction industry posted its slowest growth in seven years.
Source: MarketWatch - 🏆 3. / 97 Read more »