US retailer Target Corp. has admitted “soft” sales during the first quarter of the year hit earnings during the period.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


The company, which runs the SuperTarget discount stores, yesterday (20 May) posted first-quarter net income of US$602m – compared to $651m a year earlier.


Sales rose 5% to $14.3bn but, on a comparable-store basis, sales dipped 0.7%.


Nevertheless, president and CEO Gregg Steinhafel said the company’s first-quarter performance had “met expectations despite softer-than-expected sales”.


Steinhafel added: “Though the current economic environment remains challenging, we will continue to generate long-term value for our shareholders by remaining focused on the disciplined execution of our strategy.”

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now