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Warm weather gives Target sales a boost

The Minneapolis-based discount retailer says a key sales figure rose 7.3 percent in March. Target says the strongest performers included food, household essentials, clothing and health care items. Electronics were among the weakest.
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The Minneapolis-based discount retailer says a key sales figure rose 7.3 percent in March. Target says the strongest performers included food, household essentials, clothing and health care items. Electronics were among the weakest.

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Target boosts dividend by 20 percent

The Minneapolis-based discount chain says it has increased its quarterly dividend to 36 cents. The dividend will be paid on September 10 to shareholders of record as of August 15. Target has reportedly paid a dividend every quarter since going public in 1967.

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 tops Wall Street expectations, boosts full-year outlook

The Minneapolis-based cheap chic discount giant posted better-than-expected second-quarter revenue. Target also raised its full-year profit outlook for the third quarter that is well above analysts' expectations.

Target beats expectations, boosts forecast

The Minneapolis-based discount retailer reported a 1.2 percent increase for the first three months of 2012. Target is raising its full-year profit guidance.

Target February sales up 8 percent to beat expectations

The Minneapolis-based retail giant says food and health care products were the strongest categories. Analysts expected a 5.2 percent rise.

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The Minneapolis-based discount chain opened its first CityTarget stores in Chicago, Los Angeles and Seattle on Wednesday. The new slimmed-down format is designed to cater to urban shoppers, while still featuring fresh food, apparel and electronics.