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3 Reasons Target Stock Could Rise [The Motley Fool]

WALMART INC (WMT)  More Company Research Source: The Motley Fool
Last walmart inc earnings: 11/16 04:00 pm Check Earnings Report
US:NYSE Investor Relations: stock.walmart.com/investors/default.aspx
PDF This retail success story is far from over. Don't tell Target ( NYSE:TGT ) , but retail's supposed to be dead. The brick-and-mortar chain's shares are up nearly 50% over the past year as the company has proven that it can compete and win in an increasingly online world. Better still, Target's stock appears poised for even more gains in the quarters ahead. Here's why. Image source: Getty Images. Unprecedented same-store sales growth Target's stores are generating some of the strongest sales growth figures in the retail industry. Comparable-store sales jumped 6.5% in the second quarter, marking Target's best performance since 2005. Importantly, this growth was driven nearly entirely by higher traffic. Chairman and CEO Brian Cornel said that traffic growth of more than 6% was an unprecedented number and the strongest performance by far since Target began reporting this metric in 2008. Digital sales growth of more than 40% further amplified the company's out [Read more]

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