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Wysłany: Nie 9:47, 18 Sie 2013 Temat postu: Target quarterly profit drops 8 percent |
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Target quarterly profit drops 8 percent,http://duveticadownjacketssale.webmium.com/
Earnings per share rose to 82 cents from 80 cents,デュベティカレディースダウンジャケット, boosted by fewer shares outstanding in the quarter.
The second quarter marked the fourth straight quarterly profit decline for Target as its shoppers,デュベティカ 激安, who once splurged on its cheap but chic cashmere sweaters or metallic handbags,ダウンジャケットレディース, pulled back on spending.
Target's shares fell about 1,http://parajumpersonline.webmium.com/.8 percent in morning trading,デュベティカ 激安.
Last week,http://discountnikesoccershoes.webmium.com/, Wal-Mart reported a 17 percent jump in second-quarter profit as bargain-hunting consumers scoured its stores for food,デュベティカ ダウンジャケット, medicine and electronics.
"Wal-Mart has staked out the position with its 'Save Money. Live Better' tagline . that they are the king of low prices,デュベティカレディースダウンジャケット," said Craig Johnson,http://parajumperssalefreeshipping.webmium.com/, president of retail consulting firm Customer Growth Partners.
To compete,デュベティカダウンジャケット, Target needs to go beyond advertising its stylish merchandise and incorporate the message that "we'll save you money and we'll help your family make it through these economic times,デュベティカダウンジャケット," he said.
To improve results,デュベチカ専売店, Target has focused more on items such as food or medicine that bring shoppers in more frequently. It is also putting a bigger emphasis on the "Pay Less" side of its "Expect More. Pay Less." tagline.
But Target has said it does not intend to significantly change its strategy due to the current economic climate,デュベティカ 店舗.
Target also said it saw soft sales trends in the quarter. Its retail sales,Kevin Durant Shoes, excluding credit-card revenue,デュベティカ専売店, rose almost 6 percent to $14.97 billion from $14.17 billion. Sales at stores open at least a year,デュベティカアウトレット, a key retail gauge known as same-store sales,デュベティカ 店舗, slipped 0.4 percent.
Its second-quarter gross margin rate declined from last year,cheap indoor soccer shoes, driven by faster sales growth in lower-margin merchandise,デュベティカダウンジャケット, the company said.
Quarterly credit card-revenue rose more than 10 percent to $501 million,ダウンジャケットメンズ.
It said the deal would allow it to fund its business plans,http://parajumperslongbear.webmium.com/, including its share repurchase program,デュベティカダウンジャケット, without having to access debt markets again this year.
In its latest quarter,cheap soccer cleats, Target repurchased 33.8 million shares of its common stock,デュベティカアウトレット, which it has been buying back as part of a $10 billion share repurchase plan announced last year.
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