Tuesday, July 18, 2017

Is Stability in the Air?

A funny thing happened recently, which at least suggested – mildly – that, in the retail world, the worst may be over.

Last week Target announced that it expects a modest increase in same-store sales and boosted its Q2 earnings forecast. If the trend holds, it will be the first quarterly gain in comp-store sales in more than a year. Particularly encouraging is the added announcement that second-quarter earnings are expected to come in above the high end of its previous forecast. The improvement in the business has been attributed to an increase in customer traffic and newly introduced merchandise - lines but generally it has been broad-based, with nothing in particular driving the gains. . . more

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