There were signs in the fourth quarter that Abercrombie & Fitch Co.’s turnaround is taking hold as the chain’s namesake brand ended its five-year same-store sales losing streak.
After an extended period of performance fluctuating between poor and lackluster, Target has finally pulled a rabbit out of the proverbial hat and delivered an excellent set of numbers.
Wage increases took a bite out of Target’s profit in the fourth quarter even as its sales surpassed Street expectations and its digital channel continued to make impressive gains.
