Same day services, price cuts drive Target growth in Q2

Quick Summary:

Results show that deal-hunting consumers are “still willing and able to spend,” said the retailer’s Chief Commercial Officer Rick Gomez.

While Target’s home and hardline trends remain softer than apparel, Gomez said the retailer has seen meaningful trend improvement over the last year.

Looking ahead, Gomez noted that the back-to-school shopping season will continue into Q3, during which more than 70% of customers shop at Target.

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Article Details

Author / Journalist: Nate Delesline III

Category: EconomyBusiness

Markets: United States

Topics: They’re Target Members Million Gomez Results Loyalty Willing Retailer Sales Circle

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-21 @ 12:56:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: retaildive.com

Language: English

Article Length: 554 words

Reading Time: 4 minutes read

Sentences: 20 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Retail Dive

News ID: 22203662

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Main Topics: EconomyBusiness

Official Website: retaildive.com

Year Established: 2012

Headquarters: United States

News Last Updated: 1 days ago

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