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Target rebounds and tops Street with strong Q3 helped by increased promotional activity
Minneapolis — Target Corp. gained some momentum going into the holiday season with a third quarter that beat both Wall Street and internal expectations as sales as its U.S. stores exceeded estimates and its troubled Canadian division showed signs of improvement. Its results were also driven by increased promotional activity. This was Target’s first quarter under the leadership of CEO Brian Cornell, who replaced Gregg Steinhafel in August. -
eMarketer: Key trends to watch this holiday season
New York - Total retail sales in the United States will rise 5% to reach $862 billion during November and December this year, according to the latest forecast from eMarketer. Among the biggest trends to watch will be the acceleration in online sales, which are expected to grow at 16.6% year over year to reach $72.41 billion, or 8.4% of all retail purchases this holiday season. It’s a considerable uptick from 2013, when online sales totaled 7.6% of all holiday retail purchases.

