RETAILERS POST SAME-STORE SALES AND ACKMAN BUYS STAKE IN TARGET
Most U.S. retailers report their June results today, so let’s take a quick look at some of the big boys.
TARGET. Target same-store sales climbed 3.3%, matching analysts' estimates. In other news, corporate investor Bill Ackman has accumulated a stake of more than 5% in Target Corp. according to Bloomberg, which has caused the company’s shares to rise as much as 7% today.
WAL-MART. Wal-Mart’s same-store sales in the U.S. rose 2.4% in June. Same-store sales rose 1.6% at the company's Wal-Mart discount stores and supercenters, and 6.9% at its Sam's Club warehouse unit.
COSTCO. Costco said its June same-store sales climbed 5% in the U.S.
TARGET. Target same-store sales climbed 3.3%, matching analysts' estimates. In other news, corporate investor Bill Ackman has accumulated a stake of more than 5% in Target Corp. according to Bloomberg, which has caused the company’s shares to rise as much as 7% today.
WAL-MART. Wal-Mart’s same-store sales in the U.S. rose 2.4% in June. Same-store sales rose 1.6% at the company's Wal-Mart discount stores and supercenters, and 6.9% at its Sam's Club warehouse unit.
COSTCO. Costco said its June same-store sales climbed 5% in the U.S.
posted at 1:35 PM
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