. The retailer’s holiday-quarter sales at stores open at least a year rose nearly 1% compared to same period in 2021. That came in well above analysts’ expectations: Wall Street had expected sales to slip. Consumers spent more of their money on food, beauty and other household essentials at Target, which helped “offset ongoing softness in discretionary categories,” the company said in an earnings release.
” Case in point: Target now expects its 2023 sales to be less than analysts’ expected, ranging from a “low-single digit decline to a low-single digit increase.” Excess inventory, previously a problem for Target because inflation-weary customers pulled back on spending on nonessential items, also appeared to be easing.
Cut prices more sales, who knew?
Now apply this to taxes.
WeToldYall
I don’t get how hard it is for most companies to understand that lower prices are more profitable than higher prices since you have more sales
The IR regime uses chemical gases against female students in schools. This is a full-scale genocide that this regime is doing against the people of Iran MahsaAmini
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:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
CNN exclusive: Yellen says 'so far, so good' in US inflation battle | CNN BusinessTreasury Secretary Janet Yellen tells CNN 'so far, so good' on the US battle against inflation, and that she expects a soft landing She also said it was “transitory “ 🤦🏻♀️ Just like she said inflation will not happen and be “transitory”….. 😘😘✌️
Source: CNN - 🏆 4. / 95 Read more »
Video: Why the 4-day work week isn't for everyone on CNN Nightcap | CNN BusinessBloomberg Work Shift Commentator Julia Hobsbawm tells 'Nightcap's' Jon Sarlin the four-day work week is not a 'one size fits all' because some workplaces may not benefit from the shorter work week. For more, watch the full Nightcap episode here.
Source: ALNewsNetwork - 🏆 583. / 51 Read more »
Target fends off holiday gloom with discounts, warns on 2023 earningsTarget Corp posted a surprise rise in holiday-quarter sales on Tuesday, buoyed by an increase in store traffic from discount-hungry Americans, even as it joined other retailers to caution on 2023 earnings due to an uncertain U.S. economy.
Source: Reuters - 🏆 2. / 97 Read more »
UK grocery price inflation hits record high as more stores impose rationing | CNN BusinessA measure of UK grocery price inflation soared to a record high this month — that's more bad news for consumers already facing a shortage of fruit and vegetables that has led to rationing at major supermarkets. The outrageous fleecing continues. Can we say backyard garden? or orchard? I don't reccomend a backyard slaughterhouse. Building back better
Source: cnni - 🏆 326. / 59 Read more »
Pending home sales blew past expectations last month as buyers pounced on lower rates | CNN BusinessPending home sales crushed expectations in January, when mortgage rates dropped from recent highs of more than 7% and home buyers jumped at the opportunity.
Source: CNN - 🏆 4. / 95 Read more »