The Big Box Lives On: Target Same-Store Sales Top Expectations

Target, shopping, subway

Photo: Flickr / Thomas Hawk

Retail giant Target reported better-than-expected results in May, with same-store sales increasing 4.4 per cent during the month.  Analysts polled by Reuters had forecast a gain of 3.5 per cent.

Overall sales rose 5 per cent, which follows a solid Q1 earnings report where the retailer boosted guidance, despite economic uncertainty.  

It’s a tough time for retail but CEO Gregg Steinhafel expects target to continue to deliver such results.  

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