Higher women’s apparel sales gave Target Corp. a second-quarter boost, but the company’s expansion is being held back by a lack of retail development.
Second-quarter net income for the three months ended July 31 increased 14.3 percent to $679 million, or 92 cents a diluted share, from $594 million, or 79 cents, a year earlier. Revenues advanced 3.1 percent to $15.53 billion from $15.07 billion, which included a sales gain of 3.8 percent to $15.13 billion from $14.57 billion. The balance of revenues was from credit card income. Comparable-store sales inched up 1.7 percent.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)