{"id":10910,"date":"2018-08-27T09:20:20","date_gmt":"2018-08-27T13:20:20","guid":{"rendered":"http:\/\/newsroom.chainstoreguide.com\/?p=10910"},"modified":"2018-08-27T09:20:20","modified_gmt":"2018-08-27T13:20:20","slug":"target-joins-walmart-in-setting-sales-records","status":"publish","type":"post","link":"https:\/\/www.chainstoreguide.com\/offthechain\/2018\/08\/target-joins-walmart-in-setting-sales-records\/","title":{"rendered":"Target Joins Walmart in Setting Sales Records"},"content":{"rendered":"<p>With last week\u2019s Q2 earnings release, <strong>Target <\/strong>exploded analyst\u2019s expectations and reminded its fellow retailers that reports of its demise have been greatly exaggerated. \u201cUnprecedented\u201d is the word most associated with its results. The company reported same-store sales growth of 4.9% (see below) and digital comp growth of 41%. In-store and digital sales combined to produce overall comparable sales growth of 6.5%, the company\u2019s best comp sales gain<em> in 13 years. <\/em><\/p>\n<p><strong>Walmart Inc. <\/strong>had its moment to shine a few weeks prior when it announced comp sales gains of 4.5% at <strong>Walmart, <\/strong>its highest in 10 years, and 5.0% at <strong>Sam\u2019s Club, <\/strong>that unit\u2019s strongest growth in 6 years.\u00a0 Throw in e-commerce sales up 40%, thanks to big gains in grocery, and it\u2019s not a bad three months\u2019 worth of work for the house that Sam built.<\/p>\n<p><center><\/p>\n<div class='tableauPlaceholder' id='viz1535401618908' style='position: relative'><noscript><a href='#'><img alt='Comp Sales 0818 ' src='https:&#47;&#47;public.tableau.com&#47;static&#47;images&#47;Co&#47;CompSalesDiscount0818&#47;CompSales0818&#47;1_rss.png' style='border: none' \/><\/a><\/noscript><object class='tableauViz'  style='display:none;'><param name='host_url' value='https%3A%2F%2Fpublic.tableau.com%2F' \/><param name='embed_code_version' value='3' \/><param name='site_root' value='' \/><param name='name' value='CompSalesDiscount0818&#47;CompSales0818' \/><param name='tabs' value='no' \/><param name='toolbar' value='yes' \/><param name='static_image' value='https:&#47;&#47;public.tableau.com&#47;static&#47;images&#47;Co&#47;CompSalesDiscount0818&#47;CompSales0818&#47;1.png' \/><param name='animate_transition' value='yes' \/><param name='display_static_image' value='yes' \/><param name='display_spinner' value='yes' \/><param name='display_overlay' value='yes' \/><param name='display_count' value='yes' \/><\/object><\/div>\n<p>                <script type='text\/javascript'>                    var divElement = document.getElementById('viz1535401618908');                    var vizElement = divElement.getElementsByTagName('object')[0];                    vizElement.style.width='700px';vizElement.style.height='477px';                    var scriptElement = document.createElement('script');                    scriptElement.src = 'https:\/\/public.tableau.com\/javascripts\/api\/viz_v1.js';                    vizElement.parentNode.insertBefore(scriptElement, vizElement);                <\/script><\/center><\/p>\n<p>This week, we can expect results from <strong>Dollar General, Dollar Tree <\/strong>and <strong>Big Lots <\/strong>while <strong>Costco, <\/strong>also killing it when last we heard from the company, won\u2019t report a new set of earnings until Q4 and Fiscal 2018 are released on October 4.<\/p>\n<p>It will be interesting to see if the super-strong performance of Target, Walmart and Costco this summer spells trouble for their bargain-priced competition. We\u2019ll pass along an update once the results are in.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>With last week\u2019s Q2 earnings release, Target exploded analyst\u2019s expectations and reminded its fellow retailers that reports of its demise have been greatly exaggerated. \u201cUnprecedented\u201d is the word most associated with its results. The company reported same-store sales growth of 4.9% (see below) and digital comp growth of 41%. In-store and digital sales combined to&hellip; <a class=\"more-link\" href=\"https:\/\/www.chainstoreguide.com\/offthechain\/2018\/08\/target-joins-walmart-in-setting-sales-records\/\">Continue reading <span class=\"screen-reader-text\">Target Joins Walmart in Setting Sales Records<\/span><\/a><\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"post-template-no-sidebar.php","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[3],"tags":[17],"class_list":["post-10910","post","type-post","status-publish","format-standard","hentry","category-discount-specialty","tag-csg-exclusive","entry"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/posts\/10910","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/comments?post=10910"}],"version-history":[{"count":0,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/posts\/10910\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/media?parent=10910"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/categories?post=10910"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/tags?post=10910"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}