It has been a gloomy postholiday season for many retailers. Department stores reported flagging sales and mall-based retailers like Gap are shutting stores. Target, however, has joined big-box retailers such as Walmartin bucking the trend. On Tuesday, the company reported fourth-quarter adjusted earnings of $1.53 a share, beating analyst estimates of $1.52 a share, and revenue of $22.98 billion, topping expectations of $22.96 billion. Same-store sales were up 5.3% over the same period in the previous year.

Source: Wall Street Journal March 05, 2019 16:26 UTC