Target Corp. reported a blockbuster quarter that easily outpaced Street estimates as the discounter continues to leverage and benefit from pandemic-related shopping trends.
Retail sales grew for the sixth month in a row in October, but the pace of growth slowed ahead of the presidential election, rising COVID-19 cases and the lack of a second stimulus.
Kohl’s Corp. swung to a loss in its third quarter as the pandemic continues to impact sales but the retailer still managed to top its own expectations amid online growth.