Tuesday, March 5, 2019

Holiday sales boost Target forecasts

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