Target released its Q2 2025 financial report, noting net sales of $25.2 billion, a 0.9% decrease year over year, but a 2% increase from Q1 2025. Comparable store sales decreased 3.2% during Q2, while digital comparable store sales increased 4.3%. …
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Retailers Ramp Up Sales to Compete With Amazon Prime Day
This year, Amazon Prime Day will take place across four days from July 8-11 and has prompted other major retailers to respond with their own weeklong sales in hopes to compete with the e-commerce giant. Target announced it will be bringing …
Read More »Q1 2025 Financials Round-Up
During the first quarter of 2025, big-box home improvement retailers Lowe’s, Home Depot and Tractor Supply Company saw year-over-year increases in net sales but declines in net earnings. See the round-up and side-by-side comparisons below and read the full stories …
Read More »Target Reports 2.8% Decrease in Net Sales for Q1 2025
Target Corporation released its financial results for Q1 2025, reporting net sales in Q1 of $28.8 billion, down 2.8% from Q1 of 2024 due to a decrease in merchandise sales. Comparable store sales decreased 3.8% in the first quarter, reflecting …
Read More »Target Customers Satisfied With Updated Self-Checkout
In March 2024, Target debuted its Express Self-Checkout with limits of 10 items or less at most of its locations. One year later, Target says its self-checkout update has improved its total transaction times by 8% across both self-checkout and …
Read More »Target Releases 2024 Q4 and Full-Year Financials
Target recently announced financial results for the full year and fourth-quarter of 2024. Total comparable sales increased 1.5% in the fourth quarter, reflecting a 0.5% decrease in comparable store sales. Net sales reached $30.9 billion, 3.1% lower in Q4 2024 …
Read More »Big-Box Retailers Adjust Store Hours for the Holidays
As over 180 million people are planning their in-store shopping during the Thanksgiving holiday weekend, some big-box retailers have changed their store hours, causing confusing for some shoppers. Hardware Retailing has compiled a list of some of the nation’s largest …
Read More »Target Releases Q3 Financials
Target announced its financial results for the third quarter of 2024, noting strength in the digital channel as a main driver of sales growth. Comparable sales increased 0.3% in Q3, with digital sales increasing by 10.8%, due to same-day delivery …
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