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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.
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 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 ...
Target's 2023 Pride collection in Dadeland Station, Florida, moved to the back of the store. A backlash against Target occurred in the lead up to Pride Month in 2023 after the American retailer released its Pride month merchandise, sparking attacks and threats from conservative, anti-LGBTQ groups. [1] [2]
Target is continuing to lean into its familiar strategy of private-label brands that have brought the Minnesota-based company $30 billion in annual sales—but now it's veering from the path of ...