- Execs with Target (TGT -2.5%) point to some improving trends from Q1 to Q2, but also note the payroll tax increase is still a factor and the "crowding out" effect of a strong automobile and housing industry is in play.
- Food and healthcare sales outperformed in Q2, while hardline merchandise sales and women's apparel were sluggish.
- Same-day pickup of online orders will be available in Q3.
- Back-to-school promotions will continue into this quarter and will include Instagram integration. Weekly pricing will go even lower to drive traffic, according to execs.
- Earnings call webcast
Heard during Target's Q2 earnings call
Aug 21 2013, 10:54 ET