Target I: the numbers

MINNEAPOLIS — Widening the performance gap between itself and its rivals, Target Corp. pushed profits and same-store sales up at a sharply faster pace than its primary competitor, Wal-Mart Stores, during the opening quarter, with earnings climbing 14.6 percent, to $494 million, and comps jumping 6.2 percent.

Wal-Mart, on the other hand, moved earnings up at less than half the pace, up just 6.9 percent, its core customer base hit hard by rising gas prices. And Target same-store sales rose more than twice as high as Wal-Mart's, up 6.2 percent versus its rival's 2.8 percent increase in same-store sales.

Overall sales at Target rose 12.7 percent, to $11.2 billion from $9.9 billion. Wal-Mart's total sales advanced at a somewhat slower pace of 9.5 percent.

Target will continue its rollout of new brands this month with Fieldcrest classic and luxury brands for bed and bath; California Classic; the expansion of Isaac Mizrahi; and introduction of Dotty Love, a new tween collection spanning such products as room and hair accessories, apparel and jewelry.

Home & Textiles Today Staff | News & Commentary

 Home Textiles Today is the market-leading brand covering the home and textiles markets, offering a comprehensive package of print and online products. Home & Textiles Today provides industry news, product trends and introductions, exclusive industry research, consumer data, store operations solutions, trade show news and much more.

Featured Video

  • Live From New York: Fashion Comes Across the Pond

    Camera Icon More Videos

Subscribe to
Home & Textiles Today eDaily
Receive the news you need to know about the trends in the industry delivered right to your inbox.

CURRENT ISSUE

HTT Cover October 2017

See the October 2017 issue of Home & Textiles Today. In this issue, we look at the Top 25 Online Retailers.  H&TT's exclusive annual ranking of the biggest online sellers of home textiles finds that while pure play etailers continue to fly, bricks & clicks are digging into omnichannel. See details!