target forecasts more sales growth after bumper quarter

Target forecasts more sales growth after bumper quarter

Sumary of Target forecasts more sales growth after bumper quarter:

  • By Reuters Published May 19, 2021 Download Print Text size aA+ aA- By Reuters Published May 19, 2021 Target Corp on Wednesday posted quarterly sales that surged about 23%, raising hopes of booming demand through the year as consumers flock to stores and shop for more than just essentials..
  • Shares rose 4% after the retailer also forecast growth in comparable sales for the last two quarters of the year, countering Wall Street’s fears of a sales drop, as it keeps pace with surging sales recorded during the pandemic’s peak..
  • “With vaccinations rolling out across the country and consumers increasingly comfortable venturing out, we’ve seen an enthusiastic return to in-store shopping,”…

Want to know more click here go to news source.