Target says its holiday sales were better than expected — but its profits weren't
Discounts and sales events have remained a significant sales driver, as consumers emerge from a more than two-year stretch of high inflation. It’s unclear how much those deals will cut into Target’s and other retailers’ profit margins, and whether sales will keep improving if promotions fade away.
Nation's largest trade group: holiday sales rose a better-than-expected 4%
Sales for the 2024 holiday shopping season turned out to be robust and better than expected, as easing inflation on merchandise drove shoppers to buy, according to the nation’s largest retail trade group.
December Retail Sales Missed Expectations. Holiday Sales Were Still Solid.
Retail sales gained 0.4% in December from November, slightly below projections for a 0.5% increase, according to FactSet.
US 2024 holiday season retail sales exceed expectations
The surge in sales volume from 1 November to 31 December 2024 exceeds National Retail Federation (NRF) projections of 2.5% to 3.5%. The NRF utilised data from the US Census Bureau, excluding automobile dealerships, gasoline stations and dining establishments, to concentrate on core retail.
Target announces holiday sales exceeded expectations — but not profit as discounts reign king
The retailer now expects same-store sales growth of 1.5% for stores open at least 13 months in the fourth quarter – above previous expectations that it would stay flat.
Retail sales point to a robust holiday shopping season. U.S. economy starts off 2025 with some momentum.
Retail sales rose at a solid pace in the final month of 2024, capping off a good holiday shopping season and suggesting the economy entered the new year with some momentum.
US Retail Sales Rose Modestly Last Month Amid Solid Holiday Shopping, Boosting Economy
Americans stepped up their spending at retail stores and restaurants last month in a clear sign that consumers are still able and willing to shop
U.S. Retail Sales Rise 0.4% In December, Less Than Expected
The Commerce Department released a report on Thursday showing retail sales in the U.S. increased by less than expected in the month
US Economy: Retail Sales Broadly Advance in December
Looks like we had a good retail month, but not a great one. The anticipation was for a very strong retail sales number comes in at 4/10 instead of the 6/10 that was forecast ex autos 4/10 as well, ex autos and gas 3/10.
Target bumps up holiday sales forecast but margin worries rub off shine
Target raised its holiday-quarter comparable sales forecast on Thursday, buoyed by robust shopper demand for clothing, toys ...
Target’s holiday sales show a rebound from third-quarter doldrums
Target raised guidance for a key metric in an update on its holiday sales after achieving records for both Black Friday and ...
Target raising Q4 sales forecast on record holiday sales
Target (TGT) is raising its fourth quarter sales forecast as the retailer reports record-high sales figures from its Black ...
Target’s Holiday Sales Show Signs of Life
The holidays brought more cheer than Target expected. Target said Thursday that same-store and digital sales in November and December rose 2% compared with the same period last year. Visits to stores ...