, Columnist
Target Joins Walmart in Flexing Big-Box Muscle
Another strong quarter means both retailers will meet any threat of tariffs or slowing economic growth from a position of strength.
Fill `er up.
Photographer: Christopher Dilts/Bloomberg
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Things may be looking pretty gloomy at the mall after the latest batch of department-store earnings. But the giants of the big-box retail world are roaring.
Target Corp. reported on Wednesday that comparable sales rose a robust 4.8 percent in the first quarter from a year earlier, an upbeat result that exceeded analysts’ estimates and showed that the chain held its own in a quarter when key rival Walmart Inc. also delivered strong growth in traffic and comparable sales.