Target Reports Positive Holiday Season

TARGET STOCK RISES ON REPORT OF STRONG HOLIDAY SALES

(CNN) – Holiday sales for retail giant Target were well, right on target.

The company reports that overall sales were up 3.4% in November and December.

The holiday boom prompted Target to increase its earnings forecast, not just for the forth quarter, but for the whole year.

Investors appear to have taken notice; with Target’s stock price rising in pre-market trading.

Target is the most recent large retailer to report strong holiday sales:

According to Mastercard spending pulse, U.S. retail industry sales were up nearly 5%.

Categories: US News