Target Corp. had a record-breaking first quarter as shoppers flocked to its stores and sales of its owned-brands reached an all-time high.
“Our performance in the first quarter was outstanding on every measure, and showcased the power of putting our stores at the center of our strategy,” stated chairman and CEO Brian Cornell. “Importantly, market-share gains of more than $1 billion in the first quarter, on top of $1 billion in share gains a year ago, demonstrate Target’s continued relevance with our guests, even as they have many more shopping options compared with a year ago.”
Target is on track to open more than 30 stores this year. It has more than 30 full remodels slated for completion in the second quarter and more than 100 planned for the back half of the year,”
Source: Chain Storeage