Target Looks Set to Win the Holidays Again This Year
The retail apocalypse may be rolling through a mall near you, but not all brick-and-mortar stores are going belly up.
Target (NYSE: TGT), in fact, has been one of the best performers on the S&P 500 this year with the stock up 71% year-to-date. The rally for the big-box chain started when the company reported blowout holiday sales in January on the strength of its e-commerce and in-store pickup initiatives. Comparable sales rose 5.7% in November and December as Target wrapped up its best annual comparable sales growth since 2005.
Now, Target looks primed for another strong holiday season thanks to its momentum heading into the key shopping season and several smart strategic initiatives.
Source Fool.com
