Target Sees Strong Early Back-to-School Sales After CEO Update
Target said its bid to win back shoppers is gaining momentum ahead of back-to-school season, with early response to school and college supplies strong despite weeks remaining. The retailer reported second-quarter results that beat analyst expectations, with net sales up 5.3% to $26.5 billion and comparable sales rising 3.8%, helped by refreshed merchandise, better store execution, and price cuts.