Target (TGT)

[winston]

Not vested

Target 2Q profit rises 14.3 percent on cost cuts

Target reports 2Q profits up 14.3 percent, but revenue is weaker than expected

ANNE D'INNOCENZIO
AP News

Aug 18, 2010 08:02 EDT

Target Corp.'s second-quarter net income rose 14.3 percent, helped by cost-cutting that offset weaker-than-expected revenue.

The discounter, based in Minneapolis, said Wednesday its net income was $679 million, or 92 cents per share, in the period ended July 31. That compares with $594 million, or 79 cents per share, in the same period last year.

Revenue reached $15.53 billion, up 3.1 percent. Revenue at stores open at least a year rose 1.7 percent.

Analysts surveyed by Thomson Reuters expected 92 cents per share on revenue of $15.62 billion.

"Our retail segment generated strong profitability, overcoming softer-than-expected sales," Gregg Steinhafel, Target's chairman, president and CEO, said in a statement. He added that its credit card segment enjoyed "very strong results" amid a sharp reduction in bad-debt expense compared with last year.

He added, "Regardless of the pace of recovery, we are well-positioned to continue to gain profitable market share."

Like most retailers, Target has seen sales gains taper off since April as the economic recovery stalled.

Target plans to drive business into it stores this fall with a 5 percent discount for customers who pay with Target credit cards. It also hopes to draw customers in by emphasizing food at its general merchandise stores, a strategy that appears to be working so far.

Higher food sales and increased customer traffic helped its July revenue in stores open at least a year rise 2 percent, Target said earlier this month. Analysts surveyed by Thomson Reuters expected a 2.3 percent increase. The strong sales were tempered by weak sales of electronics, video games, music and movies.

The company said Wednesday that for the full quarter, the average Target customer's total purchase shrank, but more customers bought items.

Target took a hit when the economy soured because only about 40 percent of its sales came from essentials like groceries and health and beauty items. At its top competitor, Wal-Mart Stores Inc., about 60 percent did.

But Target's renewed emphasis on low prices and its shift toward food have helped it weather the uncertain economy and outperform Wal-Mart, which on Tuesday reported its fifth straight quarterly decline in revenue at stores open at least a year.

Source: AP News

[iam802]

Read this if you are bored.

Article is on how Target uses predictive analytics. It highlights how it can predict that a lady may be pregnant just through analysing the change in buying patterns.

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Target Knows You're Pregnant Before the Stork Does

http://www.thecmosite.com/author.asp?se ... _id=239583


How Companies Learn Your Secrets
http://www.nytimes.com/2012/02/19/magaz ... wanted=all

[iam802]

And the theft did not took place in the online store but across various retail outlets.

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Target Says Data Was Stolen From 40 Million Shoppers


http://www.nytimes.com/2013/12/20/techn ... .html?_r=0

[iam802]

They have spend more than US$60M settling lawsuits..

So, are all the bad news in?

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Target Shares Drop After CEO Gregg Steinhafel's Resignation

http://www.forbes.com/sites/samanthasha ... signation/

[winston]

not vested

Buy and Hold This Underloved Value Retailer While It’s Cheap

The giant retailer is slowly beating expectations

by Louis Navellier

Source: NavellierGrowth.com

http://investorplace.com/2015/11/tgt-bi ... lpH1nYrKM8

[winston]

not vested

THE RETAIL 'DELIVERY WARS' ARE HEATING UP

Regular readers know that online competition has hurt some brick-and-mortar retailers. But others have adapted to an increasingly digital world. Today's company is thriving as its customers shop online...

Target (TGT) is a $64 billion big-box retailer. It has more than 1,800 stores across the U.S. where customers can buy nearly anything they need. To combat the retail apocalypse, Target began rolling out same-day fulfillment.

Now, customers can order products online and pick them up (or have them delivered) on the same day. The company dramatically expanded its same-day services this summer... And the shift is already paying off. Target's digital sales grew 31% year over year in the most recent quarter.

As you can see in today's chart, TGT shares have shot up recently. The stock has more than doubled over the past two years, and it recently hit a new all-time high. As long as Target continues to adapt to the digital-retail world, this stock should continue higher...

Source: Daily Wealth

[winston]

THE E-COMMERCE BOOM ISN'T OVER YET

It's no secret that consumers are increasingly relying on online shopping today...

As regular readers know, e-commerce is one of the few sectors thriving in this stay-at-home era. During the second quarter, U.S. e-commerce surged 45% – the biggest quarterly gain in more than 20 years. Stocks like Amazon (AMZN) have soared as a result. And this big-box retailer has benefited as well...

Target (TGT) is the sixth-largest retailer in the U.S. It sells a wide variety of food, clothes, home goods, electronics, and more.

Throughout the pandemic, the company has focused on providing a safe and convenient shopping experience... offering in-store pickup, curbside service, and same-day delivery for online shoppers.

Its focus on digital customers has been an especially good choice: In Target's second-quarter earnings report, digital sales skyrocketed an astounding 195% year over year.

As you can see in today's chart, TGT shares recently hit a new 52-week high. They're up more than 45% over the past year.

Major retailers expect the boost we've seen in online shopping to continue through at least the end of this year – so expect to see more momentum from this stock...

Source: Daily Wealth

[behappyalways]

Target Shares Crash After Full-Year Operating Income Slashed Due To "Unexpectedly High Costs"
https://www.zerohedge.com/markets/targe ... high-costs

[behappyalways]

Target warns of squeezed profits as it rolls out aggressive plan to get rid of unwanted inventory
https://www.cnbc.com/2022/06/07/target- ... ntory.html

[behappyalways]

Target Slumps Amid Growing Inventory Glut As Consumer Spending Continues To Shrink
https://www.zerohedge.com/markets/targe ... ues-shrink