Target says its holiday sales were better than expected — but its profits weren't
Discounts and sales events have remained a significant sales driver, as consumers emerge from a more than two-year stretch of high inflation. It’s unclear how much those deals will cut into Target’s and other retailers’ profit margins, and whether sales will keep improving if promotions fade away.
Holiday Sales Topped Expectations. That Could Mean a Strong Start to 2025
Key Takeaways Retail spending hit $994.1 billion in November and December, coming in 4% higher than last holiday season, according to the National Retail Federation.The trade group was expecting holiday sales to grow between 2.
Nation’s largest trade group: holiday sales rose a better-than-expected 4%
Sales for the 2024 holiday shopping season turned out to be robust and better than expected, as easing inflation on merchandise drove shoppers to buy, according to the nation’s largest retail trade group.
Target’s Holiday Sales Were Strong. It’s a Relief for Investors.
While Target reported strong holiday sales on Thursday, it wasn’t enough to give the stock a boost.The retail chain said sales increased 2% on a comparable basis in the last two months of 2024 from a year earlier,
Retail sales point to strong holiday shopping season. U.S. economy starts off 2025 with some momentum.
Retail sales rose at a solid pace in the final month of 2024, capping off a good holiday shopping season and suggesting the economy entered the new year with some momentum.
Abercrombie Stock Falls Despite Strong Holiday Sales
Abercrombie & Fitch reported strong holiday sales, but concerns about weaker earnings growth than analysts had expected drove its stock price down. The retailer expects net sales for the fiscal quarter ending Jan.
Holiday Sales Top Expectations With a 4% Increase
The final word on holiday sales is in - and retailers are feeling pretty good. Core retail sales grew a stronger than expected 4 percent during November and December combined, according to the National Retail Federation's reckoning of the latest official figures from the Census Bureau on Thursday.
Target announces holiday sales exceeded expectations — but not profit as discounts reign king
The retailer now expects same-store sales growth of 1.5% for stores open at least 13 months in the fourth quarter – above ...
Target’s holiday sales show a rebound from third-quarter doldrums
Target raised guidance for a key metric in an update on its holiday sales after achieving records for both Black Friday and ...
Target announces better-than-expected holiday sales, but investors wary of no profit update
In the third quarter, rival Walmart ( WMT) posted adjusted earnings per share of $0.58, alongside same-store sales growth of ...
Target’s Holiday Sales Show Signs of Life
The holidays brought more cheer than Target expected. Target said Thursday that same-store and digital sales in November and December rose 2% compared with the same period last year. Visits to stores ...