Target profit falls; sees sluggish sales growth

Target Corp posted a 7.5 percent drop in quarterly profit on Tuesday, hurt by softer sales as shoppers passed over clothes and home decor purchases in favor of basics like food. Read more
courtesy:theusdaily.com

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  1. UPDATE 3-Target profit falls; sees sluggish sales growth Target Corp (TGT.N: Quote, Profile, Research) posted a 7.5 percent drop in quarterly profit on Tuesday, hurt by softer sales as shoppers passed over clothes and home decor purchases in favor of basics like food. Read more courtesy:uk.reuters.com...
  2. Profit falls again at Target Target Corp., the second-biggest discount retailer, says profit fell for the third straight quarter as consumers stung by record gasoline and food prices cut back on purchases of clothing and home furnishings. Net income declined 7.5 percent in the first quarter as shoppers shifted to lower-priced and less-profitable products such as drugs, food and cosmetics. [...]...
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  5. Home Depot, Target Profits Fall; Staples’ Net Gains (Update3) the world’s largest home-improvement chain, and discount retailer Target Corp. said profit fell as U.S. shoppers curbed spending. Staples Inc. posted higher earnings by selling pens and paper to companies. Read more courtesy:www.bloomberg.com...
  6. UPDATE 3-Family Dollar profit tops view, shares up Family Dollar Stores Inc (FDO.N: Quote, Profile, Research, Stock Buzz) posted a higher-than-expected quarterly profit on Friday, helped by shoppers who spent tax rebate checks at the discount retailer, and cost controls. Read more courtesy:www.reuters.com...
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  10. Next Sales Drop Eases on Reduced Clothing Markdowns Next Plc, the U.K.’s second-largest clothes retailer, said a sales drop eased in the third quarter and forecast annual profit will meet analysts’ estimates after tighter control of inventory led to fewer markdowns. Sales at stores open at least a year and unaffected by new Next shops nearby fell 4.4 percent in the 14 weeks [...]...

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