August 17, 2022
5 minute read
Target July '22 Quarter Results
Target’s July ’22 quarterly results and outlook are positive through a consumer brand lens.
The retailer continues to focus on its store-centered omnichannel strategy, traffic is positive, and it’s willing to press forward on capital expenditure plans as it sees ample opportunity to grow the business despite the short-term hit on margins it took to clear out general merchandise inventory.
In addition, Target commented that the back-to-school season has performed well, and it now has a clean inventory position entering the second half of the year.
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