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

fire truck

1 person killed, another injured in fire at Hudson home

The amount of "combustible material" in the home made it difficult for firefighters.

nichole's fine pastry and cafe

Guy Fieri's visit to Fargo cafe for 'Diners, Drive-Ins and Dives' will air soon

Over the summer, Fieri visited several restaurants in the Fargo-Moorhead area.

EsQrv2rXYAMbPFa

2 dead in St. Paul shooting Thursday morning

A homicide investigation is underway.

police tape, crime scene

One dead in head-on crash in west-central Minnesota

The incident occurred on Highway 27 near 150th Avenue.

Joe Biden

14 executive orders President Biden signed on his first day in the White House

Biden is turning back many of the moves made under the Trump administration.

plow, snow

NWS: Accumulating snow likely this weekend in Minnesota

Fluffy snow will pile up in some locations on Saturday.

Jaden McDaniels

Wolves lose to Magic on Cole Anthony's buzzer-beater

The Wolves blew a 20-point lead as the Magic defeated the Timberwolves on Wednesday night.

J.A. Happ

Twins sign veteran J.A. Happ to add to the rotation

The left-hander will get a one-year, $8 million deal from the Twins.

storm the capitol rally st. paul minnesota state capitol

BCA finds 'no criminal wrongdoing' among those at 'Storm the Capitol' rally

Inflammatory comments were made by speakers, but no charges will be brought.

Screen Shot 2021-01-18 at 12.27.04 PM

Man's vehicles crushed by hit-and-run driver weren't fully insured

The goal is to raise $25,000 to help the south Minneapolis resident.

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.