Latest news with #TargetCorp
Bloomberg
6 days ago
- Business
- Bloomberg
Tractor Supply Sales Growth Hits Two Year High on Animal Feed Demand
Tractor Supply Co. rose after posting its best sales growth in two years as steady demand for its livestock feed, coupled with positive momentum in big-ticket purchases, lifted results above expectations. The retailer's offerings critical to rural living — including livestock feed — have helped maintain foot traffic through recent consumer uncertainty, and pumped up both transactions and average spending. That has put it at odds with peers like Target Corp. and Home Depot Inc. that have seen consumers cutback on some purchases.
Bloomberg
17-07-2025
- Business
- Bloomberg
Target to End Policy That Matches Prices of Competitors
Target Corp. is ending a long-standing program that matches prices of items with those of competitors, as the big-box retailer looks to simplify its pricing strategy. The retailer said it will continue to match prices within its own ecosystem — such as if there's a discrepancy between an item's cost online versus in stores, but will no longer match prices at competing retailers.
Yahoo
03-07-2025
- Business
- Yahoo
Why Target Stock Is Rising Despite Falling Early in Today's Trading
Target stock opened today's trading with a big sell-off as investors reacted to new jobs data from ADP. A weaker jobs market could pave the way for interest rate cuts and support gains for growth stocks, but it suggests challenges for Target. While the stock saw a pullback early today, it has bounced back thanks to news that the U.S. has reached a trade deal with Vietnam. 10 stocks we like better than Target › Target (NYSE: TGT) stock is in the green Wednesday despite seeing a big sell-off early in the day's trading. The company's share price was up 1.4% as of 2:30 p.m. ET. The stock had been down as much as 5.3% earlier in the session. Target opened today with a substantial sell-off following a jobs report from ADP that showed an unexpected decline for the U.S. private sector labor force. Despite the initial pullback, an announcement that the U.S. has reached a trade deal with Vietnam has pushed the stock into positive territory in the daily session. ADP published its latest payroll data this morning and reported a decline of 33,000 jobs in the private sector in June. Meanwhile, the average economist estimate had actually called for private-sector payrolls to increase 110,000 in the month. A weaker-than-expected jobs report actually supports expectations that the Federal Reserve will cut interest rates this month, but it's a bearish indicator for Target despite helping to support a bullish case for growth stocks. The substantial miss on the latest jobs data suggests that consumer spending could weaken, and that could create added sales headwinds for Target. President Donald Trump announced today that the U.S. has reached a trade agreement with Vietnam, and the news has helped lift target stock despite negative indicators connected to ADP's jobs report. As a leading player in the retail space, Target faces big headwinds connected to new tariffs -- but the newly reached deal with Vietnam suggests that the company should be able to mitigate some of the challenges it faces. While tariffs on China may not fall significantly below current levels in the near future, Vietnam is a manufacturing hub that many consumer goods companies have been pivoting production to. The new trade deal between the U.S. and Vietnam could pave the way for Target and its suppliers to lessen adverse margin impacts. Before you buy stock in Target, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Target wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $697,627!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $939,655!* Now, it's worth noting Stock Advisor's total average return is 1,045% — a market-crushing outperformance compared to 178% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 30, 2025 Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Target. The Motley Fool has a disclosure policy. Why Target Stock Is Rising Despite Falling Early in Today's Trading was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
26-06-2025
- Business
- Bloomberg
Target Follows Walmart in Testing Digital Locks on Store Shelves
Target Corp. is preparing to introduce new technology to lock and unlock store shelves from a smartphone in a bid to curb theft and improve the shopping experience. Once in place, staff could unlock in-store cases more quickly than having to manually open them with keys, Chief Stores Officer Adrienne Costanzo said during an internal meeting with staff on Thursday. The retailer may also offer the option to employees of its Shipt delivery service, who fulfill online orders, and users of its paid membership program.
Bloomberg
26-06-2025
- Business
- Bloomberg
Target Tests Selling Bundles of Goods in Bid to Fuel Growth
Target Corp. is testing the sale of more products in largerquantities as the big-box chain looks to compete more effectively against rivals and reinvigorate sales. The company is starting to offer bundles of items, such as coffee and snacks, on its website, according to people familiar with the strategy. Target's initiative seeks to gauge consumers' appetite forbuying multiple items together, the people said, adding the bundles are a way for the company to provide greater value.
