Walmart sales continue to rise while Target takes a dip
By KAALTV
November 20, 2024 - 11:47 PM
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Walmart sales rise, Target drops
The latest local, regional and national news events of the day are presented by the ABC 6 News Team, along with updated sports, weather and traffic.
(ABC 6 News) — Shoppers have been piling into Walmart where the world’s biggest retailer is raising its sales and profit forecasts for a third consecutive time.
It now expects net sales to be up somewhere around 5% for the year. That includes for all categories.
Meanwhile, Target saw a slower sales increase in its third quarter while stock plummeted. The Minneapolis-based retailer’s shares fell over 21%.
Target says customer traffic and digital sales were both up though, powered by its Target Circle feature.