, Columnist
Target’s Turnaround Approaches Mission Accomplished
Another strong quarter and increased guidance provide convincing evidence that the big-box retailer is on the path to sustained growth.
Target hits the bull’s-eye again.
Photographer: Tim Boyle/Bloomberg
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Whatever U.S.-China trade war fallout may be looming for the retail industry, Target Corp. is doing all it can to ensure that its turnaround – now nearly complete – will remain on track.
The big-box giant reported on Wednesday that comparable sales rose 3.4% in the second quarter from a year earlier, powered by strong foot traffic in its stores and a 34% increase in online sales.