24 May 2018
We review Target’s first quarter results and the drivers behind its strengthening performance.
Improvements to the customer offer drive stronger traffic
Target’s first quarter revenue increased 3.4% to $16.8bn, with comparable store sales up 3.0%, driven by food and beverage, household essentials and home categories. This was underpinned by strong traffic, up 3.7%, the retailer’s best perfo...