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Target reported net income of $942 million, or $2.03 per share, which is 3 cents short of analysts projections, according to a survey by FactSet. Profit for the period ended May 4 was also below ...
Target saw a comparable store sales decline of 4.8% in its physical stores in the first quarter as shoppers looked for cheaper options, and only a slight rise in comparable online sales.
Target said Wednesday its comparable store sales were down 3.7% in the most recent quarter. At the same time, Walmart's were up 3.8%, and Amazon also saw increases.
Target Corporation is an American retail corporation that operates a chain of discount department stores and hypermarkets, headquartered in Minneapolis, Minnesota. It is the seventh-largest retailer in the United States, and a component of the S&P 500 Index. [3]
The history of Target Corporation first began in 1902 by George Dayton. The company was originally named Goodfellow Dry Goods in June 1902 before being renamed the Dayton's Dry Goods Company in 1903 and later the Dayton Company in 1910. The first Target store opened in Roseville, Minnesota in 1962 while the parent company was renamed the Dayton ...
Target in recent years has added more food and essentials to its stores, but still trails Walmart, which gets around half of sales from groceries. Walmart’s sales increased 3.8% last quarter.
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