Nearly 10 years after it went out of business, a former rival of Toys “R” Us may return to the scene in the wake of the toy giant’s plan to liquidate its U.S. operations.
February retail sales inched up 0.3% seasonally adjusted over January and 4.4% year-over-year as the economy continued to grow, according to the National Retail Federation.
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.