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20.05.26 - 19:12
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Target Tempers Expectations After Best Sales Gain in Years (Bloomberg)
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Target Corp.'s turnaround gained traction last quarter, but the retailer worried investors after striking a more cautious tone about the coming months. The company that has been struggling to revive growth after a pandemic-fueled boom showed Wednesday that it's making progress. Comparable sales jumped 5.6% last quarter, the biggest increase since the end of 2021 and triple the gain analysts were expecting. The chain also raised its annual revenue guidance by 2 percentage points to about 4%.
Target is looking to win back increasingly selective shoppers amid resurgent concerns about inflation as the conflict in the Middle East boosts gas prices. Competitors such as Walmart Inc. and Costco Wholesale Corp. have been gaining market share with low prices, increased online options and expanded selections.
For more on Target's results, we speak with Jennifer Bartashus, Senior Retail Staples Analyst for Bloomberg Intelligence. (Source: Bloomberg)...
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09.04.26 - 07:48
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Costco Wholesale March Sales Rise (AFX)
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ISSAQUAH (dpa-AFX) - Costco Wholesale Corporation (COST) on Thursday reported a rise in net sales for the month of March.For the five-week period to April 5, the company posted net sales of $28.41......
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02.03.26 - 17:36
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Key Events This Week: Payrolls, Retail Sales, ISM, Beige Book... And War In Iran (ZeroHedge)
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Key Events This Week: Payrolls, Retail Sales, ISM, Beige Book... And War In Iran
Outside the obvious and huge attention on the Middle East, the key focus this week will be on the US jobs report on Friday, retail sales on the same day, the ISM indices (today and Wednesday), and the Fed's Beige Book, also due on Wednesday. European releases will include inflation data tomorrow and the ECB's accounts of their February meeting on Thursday. Various global PMIs are also out this week.
In politics, highlights include the Two Sessions in China as well as the Spring Statement in the UK. Earnings reports will be due from Costco and Broadcom.
Delving deeper into the US data, the most important release in the week ahead is Friday's February employment report. DB economists forecast headline payroll growth of 30k, down from 130k previously, with private payrolls rising by 50k after January's unusually strong 172k gain. The moderation largely reflects payback from outsized hiring last month in private e...
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