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More than 95% of digital orders were filled in-store in Q3, a percentage the company has been able to maintain for the past three quarters. The distribution process has also played an important role in the company's ability to effectively grow its digital business. It helped fuel a 12% increase in comparable-store sales, or comps, in the third quarter. And it's the way these three ingredients all work together that make the retail chain a force in shopping. It comes down to Target's three important strengths: omnichannel capabilities, a commitment to value, and creativity in the distribution process. Mega-retailer Target continues to dominate the U.S. Proving itself as the retailer of choice again Let's see why this should cheer investors. Target ( NYSE:TGT), Walmart ( NYSE:WMT), and Starbucks ( NASDAQ:SBUX) all posted great earnings recently and upped their dividends too. Even better, some of these retailers are also managing to grow their dividends, making these shares even smarter buys. Many retailers that benefited from last year's pandemic-related, sales spurt continued to see strong earnings - much to the delight of their shareholders. To read this article on click here.Earnings season is winding down, and there was lots of good news as well as some surprises.
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(WMT) : Free Stock Analysis Reportīed Bath & Beyond Inc. Kohls Corporation (KSS) : Free Stock Analysis Report Target Corporation (TGT) : Free Stock Analysis Report
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. You can see the complete list of today’s Zacks #1 Rank stocks here. Shares of the company have soared 44.2% so far this year compared with the industry’s growth of 12.9%. Target, being a Zacks Rank #1 (Strong Buy) company, looks well placed for this important selling period, which is likely to fuel its growth. Apart from Target, other retailers like Walmart WMT, Kohl’s KSS and Bed, Bath & Beyond BBBY are gearing up to make the most of the back-to-school and college season. This year’s back-to-school period becomes more crucial as it marks a beginning in the post-COVID environment. The period between mid-July to early September is usually a major sales event for retailers, as families plan to spend on school and college supplies, and clothing.
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Traditionally, the back-to-school season in the United States comes when children return to school after their summer breaks. The company’s robust fulfillment services like Order Pickup, Drive Up and same-day delivery through Shipt are likely to ensure a seamless shopping experience for customers. Moving on, customers can get on-trend items, dorm decor and supplies from the company’s wide assortment of brands including Cat & Jack kids' apparel, Mondo Llama art and school supplies, and All in Motion backpacks, together with national brands such as Apple, JanSport and Crayola.īeing a one-stop shopping destination, Target is geared up to offer customers a convenient and affordable shopping experience - both in stores and online. Talking of the Teacher Prep Event, all homeschool teachers, daycare teachers, K-12 teachers and college professors, among others, can get a one-time discount of up to 15% on certain classroom-related essentials and supplies, through Target Circle. In fact, more than 80% of the back-to-school collection this season is priced under $10. The Minneapolis-based company said that customers can access solid value throughout the season, thanks to tax-free weekends, the return of its Teacher Prep Event and lucrative deals starting at less than $1.