This article appeared online at TheNewAmerican.com on Wednesday, November 20, 2019:
Target, the eighth-largest retailer in the United States, reported blowout sales and profits in the third quarter, a week after Walmart, the country’s largest retailer, reported similar results. Not only is the U.S. consumer alive and well, he is enjoying the benefits of a robust and growing economy.
Target boasts nearly 1,900 stores nationwide, employing more than 360,000 people, and Wall Street has rewarded investors in the company’s stock with gains of nearly 100 percent since just before last Christmas. And 2018 was, according to Target’s CEO Brian Cornell, the “most successful holiday in more than a decade.”
The retailer is expecting this year’s holiday shopping season to exceed last year’s, with gains of between three and four percent over last year’s results.