Costco announced its October comps data yesterday. Its comps growth increased and its domestic sales sustained their momentum.
Target has just announced a partnership with Toys R Us parent company Tru Kids Brands to manage online sales and order fulfillment.
The US retail sector has seen a bloodbath in the last five years. The latest to join the list is Forever 21, which filed for bankruptcy on Sunday.
Given the sharp rise in Target stock, the upside could be limited. However, we expect Target to continue to post healthy comps and earnings growth.
Target has announced it is teaming up with Disney to launch its shops inside 25 select Target stores in October, and another 40 stores by October 2020.
Amid pessimism, retailers such as Target, Walmart, Costco, and Lowe’s are putting up stellar performances. Is Trump right to dismiss recession concerns?
Target stock rose more than 15% in the pre-market session following its stellar second-quarter results and robust outlook.