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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.
Target launched Ulta Beauty at Target and deepened its partnerships with Disney, Apple, and Levi Strauss & Co. Target Corporation is one of the largest discount retailers in the United States and the world based on sales.
Target reported a 3.1% drop in net sales from a year ago and a 3.7% quarterly dip in comparable sales, marking its fourth consecutive quarter of declines.
Target ended the quarter with almost $3.6 billion in cash. Second quarter earnings per share are projected to be $1.95 to $2.35, vs. estimates for $2.19. Comparable sales for the quarter are seen ...
Analysts on Target’s earnings call on Wednesday asked about the timing and reasoning behind the price cuts and whether Target or its vendors are picking up the tab.
Target Corporation, like many large retail and grocery chain stores, offers private brands.