Target Reports First Sales Growth in Over a Year, Raises Full-Year Outlook

Target Corporation announced its first positive comparable sales growth in five quarters, with net sales rising 6.7% in the first quarter and comparable sales up 5.6%. The retailer raised its full-year outlook, signaling a turnaround after a prolonged slump. The growth was driven by increased foot traffic and higher spending in categories such as apparel and home goods. Target's CEO Brian Cornell attributed the performance to strategic investments in merchandise and customer experience. The company now expects full-year comparable sales to be in a range of 0% to 2%, up from previous guidance of a decline.