Target posts big same-store gain and raises forecast
November 17, 2021
Target posted a 12.7 percent gain in same-store sales for the third quarter, well above the 8.3 percent expected by analysts. The retailer, which saw its profit margins take a hit during the quarter, raised its annual forecast with a bullish outlook heading into the holiday season. “With a strong inventory position heading into the peak of the holiday season, our team and our business are ready to serve our guests and poised to deliver continued, strong growth, through the holiday season and beyond,” said Target CEO Brian Cornell.
Recent News
Moderna COVID-19 Vaccine Sales Drop 91%
Moderna’s only product is the vaccine that became popular during the pandemic.
Norwegian Cruise Line: No Clothes, No Problem on ‘The Big Nude Boat’
Clothing-optional vacations from Norwegian Cruise Line will start next year.
Sony and Apollo Express Interest in $26B Paramount Buyout Amid Skydance Merger Talks
Sony Pictures and Apollo Global Management have sent a letter to the Paramount Global board showing their interest in buying the company for around $26 billion.
Spotify Discreetly Shifts Lyrics Behind a Paid Subscription
Spotify has supposedly scoped out a new method to shift its free users behind a paywall.