Mass-merchandise retailer Target is expected to post a drop in holiday quarter same-store sales, its third consecutive quarterly drop, when it reports results on Tuesday. The Minneapolis-based firm is expected to report a 4.6% drop in comparable sales for the holiday quarter and a 3.6% decline for the year, according to LSEG estimates. Facing competition from PDD Group's cross-border e-commerce site Temu, and Shein, a China-based direct-to-consumer retailer that has been gaining market share in the U.S., Target is taking steps to reach bargain-minded shoppers.
The TJX Companies' (TJX) fourth-quarter fiscal 2024 results reflect increased sales and earnings on growth across all segments.
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