Skip to main content

Target reports weak November sales

  • Author:
  • Updated:
    Original:

Target says sales at stores open at least a year – a key indicator – fell 1 percent in November, hurt by weak sales in the first two weeks of the month, the Associated Press reported.

The Minneapolis-based company reported that total revenue for the four weeks ending Nov. 24 was nearly flat at $6.18 billion. Weak sales early in the month offset stronger sales later, the AP says.

Analysts had expected better from Target, Reuters reports.

The number caught Target executives by surprise, the Star Tribune reports.

Next Up

Screen Shot 2022-08-08 at 7.13.33 AM

Family identifies man killed by police in Otsego

The 21-year-old was reportedly experiencing 'mental health challenges' and allegedly had a knife when deputies opened fire.

88 S 11th St, Minneapolis, Minnesota - April 2022 (1)

Gun found on WCCO-TV rooftop after homicide in Minneapolis

It's the 56th death reported as a homicide in Minneapolis this year.

Screen Shot 2022-08-07 at 11.43.15 AM

Deputies fatally shoot man in Wright County

Police claim the man, who had allegedly been experiencing a mental health crisis, was armed with a knife.

Ambulance hospital emergency

17-year-old killed in northern Minnesota crash Saturday

The other drive involved in the crash, a 75-year-old man, sustained life-threatening injuries.

ATV

Alcohol a factor as driver rolls ATV into corn field, injuring 3

The crash occurred in Lake Lillian Saturday night.

Minneapolis police

Man dies after being found shot at Minneapolis' 38th and Chicago

Responders were called to the scene early Sunday morning.

Screen Shot 2022-08-07 at 6.34.12 AM

7 children arrested after 'disturbance' at Cabela's, escape in stolen vehicle

Employees called police saying the children were stealing goods from the store.

Screen Shot 2022-08-06 at 6.16.49 PM

Fire sparks evacuation from apartment building, man arrested for arson

Police and fire crews responded to the fire just before 9 a.m. Saturday.

Flickr - utility pole power line

Morning storms cause power outages, ensuing problems in Eagan

There have been reports of disabled traffic lights and issues at local businesses.

kim crockett facebook sos

GOP nominee questions if those with disabilities, non-English speakers should be able to vote

Crockett made the comments in a 2020 radio interview following a ruling from the Minnesota Supreme Court.

Pharmacy

Jury: MN pharmacist did not violate woman's rights by refusing her morning-after pill

Gender Justice, the advocacy group that brought about the lawsuit, says it will appeal the decision.

Related

Target reports strong quarterly sales, weak April sales

Shoppers spent less than Wall Street estimates expected in April. The Minneapolis-based retailer reports a key sales figure rose 1.1 percent last month. Foot, health and beauty continue to be the strongest categories. First-quarter sales were the strongest in more than six years, up 5.3 percent.

Target's October sales trail expectations

Target Corp. says its same-store sales grew 2.4 percent in October, Forbes reports. Analysts were projecting same-store sales growth of 3.3 percent last month. The Minneapolis-based discount giant's total sales climbed 3 percent to $4.98 billion in October.

Target sales beat expectations, add to strong August for retailers

Target saw sales figures climb more than four percent for the first four weeks of August. That beat the expectations of analysts who thought the Minneapolis retailer would barely clear three percent. Back to school retail spending was generally strong around the country, even though surveys show consumers are uneasy.

Target surprises Wall Street with higher July sales

Target Corp. said Thursday sales at stores open at least one year rose 3.1 percent in July, higher than the 2.7 percent that Wall Street analysts had expected. Total sales rose 3.2 percent to nearly $5 billion for the four-week period that ended July 28, Minneapolis-based Target said in a news release.