I`m watching the retailer market closely and Target is one of them along with Walmart. Target Corporation is the eitht-largest retailer in the U.S, and they operates 1,851 stores throughout the U.S.
Their retail formats include the discount store Target, the hypermarket Super Target, and «small-format» stores previously named City Target and TargetExpress before being under the Taget branding.
Target is often recognized for its emphasis on «the needs of its younger, image-conscious shoppers», whereas its rival Walmart more heavily relies on its strategy of «always low prices». The company is expected to report earnings on Wednesday 21, before market open.
The report will be for the fiscal Quarter ending July this year, and the consensus EPS forecast for the quarter is $1,62. The same quarter last year was $1,47. The consensus revenue estimate is $18,32 Billion and that`s up +4,4 percent YoY.
Target has a strong first quarter performance and digital sales will continue to help the top line. We saw Walmart had a very impressive second quarter numbers. Can Target match Walmart in the retail business? If they can follow its 1Q19 results that was robust, we will see growth in digital sales.
They do it well with their «same-day pickup», curbside service and Shipt. Retailers like Target and Walmart also have another story to tell when it comes to foot traffic than many of the trendy fitness retailers.
Target spend a lot of money to improve its stores. Will this continue? Probably, because they has remodeled «only» 400 stores so far in the last two years. They are planning to remodel an additional 600 stores over the next two years.