Posted on 08/23/2018 9:48:38 AM PDT by Hojczyk
Target sees unprecedented growth in same-store sales and foot traffic during the second quarter.
CEO Brian Cornell credits the strongest consumer environment he's ever seen for the retailer's solid results.
This follows similarly strong results from companies like Walmart, Kohl's and TJ Maxx owner TJX.
Consumer spending is back and has never been better as far as Target CEO Brian Cornell is concerned.
"There's no doubt that, like others, we're currently benefiting from a very strong consumer environment — perhaps the strongest I've seen in my career," Cornell told analysts on a call Wednesday.
The retailer's shares are surging after reporting fiscal second-quarter results that beat on earnings, revenue and comparable store sales. Just when many investors have written off brick-and-mortar retailers in the era of Amazon, Target is seeing a huge jump in foot traffic.
"We're seeing a great consumer response ... unprecedented traffic. As we go back and look, we've never seen traffic growth like this," Cornell said Wednesday morning on CNBC's "Squawk Box."
The big-box retailer also said digital sales skyrocketed more than 40 percent during the second quarter, as it's been investing in adding more items to its website and adding more delivery options for online orders. Building on that momentum, Target raised its earnings outlook for the full year.
(Excerpt) Read more at cnbc.com ...
Target it would be better if your company had two restrooms.
Outrage and boycotts from leftists, in 3...2...1...
It does not appear to be working any longer.
Record breaking economic numbers but they will ALWAYS hate Trump.
People will shop at Target as long as they figure it gives them a overall best deal.
Boycott everybody.
I refuse to enter a Target.
Idiots want to insert themselves into the political discourse and side with the mental cases obviously are disinterested in my perspective. I just don’t go. Some other Retailer will get my cash.
In most cases, Target offers a better shopping experience. I vastly prefer my neighborhood Target to Walmart. Target is clean, always stocked, and full of normal suburban shoppers. My neighborhood Walmart is always dirty, empty shelves in disarray, and full of ghetto people and trailer trash with neck tattoos. Most of the shopping carts are broken, there's litter everywhere, and people get robbed in the parking lot.
I'll take Target, even if the bill is a little higher. And, no, I've never had my children accosted by trannies in the restrooms.
Thanks Hojczyk. Naturally the media shills are getting all set up -- the big quarters for Walmart etc are the starting gun for a rise in interest rate to combat inflation!!!
Try 3, one single dead bolt locked one the Trannies can use. And stay out of women’s.
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