Dive Brief:
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Target's Q3 same-store sales rose 1.2%, beating its own expectations, the retailer reported Wednesday. Profit increased 3.1% to $352 million.
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Expenses from last year’s massive data breach — which led the retailer to replace its CEO and otherwise shake up its management team — have largely been incurred and accounted for, the retailer said.
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The company has been able to ease up on discounts and has seen increased online shopping as well, according to the report.
Dive Insight:
There’s no question that Target has had a tough year. It looks like the retailer has managed a robust recovery on several fronts, though, recapturing its customer base for the most part, getting prices back in line, and upping its e-commerce game. There’s more to prove at the holidays, and one remaining problem is what to do about Canada.