Tuesday, March 5, 2019

Holiday sales boost Target forecasts

Reuters
Target Corp forecast 2019 profit above Wall Street estimates on Tuesday as strong online sales and higher footfall at stores drove better-than-expected holiday sales, sending its shares up 6 percent.

Target upped its delivery offerings in the highly competitive holiday shopping season in a bid to get an edge over online behemoth Amazon.com Inc and brick-and-mortar rivals like Walmart Inc. . . . more