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Target capped off its best year in more than a decade with a strong holiday shopping season.Sales at Target stores open at least a year grew 5 percent last year — its best performance since 2005.Target's stellar 2018 got a big boost from the holiday season. Comparable sales grew 5.3 percent during its most recent quarter compared with last year. Its digital sales grew 31 percent.The big-box retailer gained market share in key categories like clothes and home furnishings during the holidays and got a boost from the growing economy. Target said foot traffic to stores was up.Target's stock rose nearly 6% during pre-market trading Tuesday, despite thinner profit margins from fulfilling online orders. Target waived its minimum order requirement on online orders during the holidays.The gap between retail's best and worst performing companies widened during the holidays and Target is among the winners."We have been driving an ambitious agenda to transform," CEO Brian Cornell said in a news release Tuesday.The company's strategy to compete against Amazon and Walmart by focusing on Millennials and young parents with affordable brands and offering a wider array of merchandise is paying dividends.Parents are crucial to Target's success because they spend more every year than shoppers without children.Investments in its stores have helped, too. Target has aggressively remodeled hundreds of stores, built out delivery and buy-online-pickup-in-store capabilities, and built small stores to extend its reach within cities and college campuses.Target also launched more than 25 exclusive brands, such as Goodfellow, a clothing label, and A New Day, a homegoods label, that burnish its trendy image."Target's strategic initiatives announced two years ago are clearly bearing fruit, with its online push continuing to generate impressive gains," said Charlie O'Shea, analyst at Moody's.Target has succeeded recently, but a parade of top retailers reported uneven results this earnings season. Some, including Walmart, TJX and Best Buy thrived. But L Brands-owned Victoria's Secret, JCPenney and Gap struggled.Kohl's sales at stores open at least a year grew 1 percent during the holidays, the company announced Tuesday. Like Target, 2250
Some veterans are finding relief from the effects of post-traumatic stress disorder by choosing to take up some unconventional treatments that include beekeeping or farming.Vince Ylitalo knows that many people would find hundreds of buzzing bees around him to be frightening. But it’s proven to be an effective treatment for his PTSD. It’s part of structured therapy.“I'm in this program to help me get out of the thought process of all those problems that I have. It helps me think about something completely different. I don't even think about my pain anymore. I'm just thinking about the bees,” Ylitalo said in an interview with the Associated Press.He’s taking part in a free, nine-month beekeeping course. About 80 percent of the participants in the Heroes to Hives program have a disability.Other veterans are participating in different programs to help treat PTSD.Army veteran Andrew Larsen turned to farming in rural Florida.The 949
Renters are really struggling to save anything after paying their monthly rent costs, which are up 1.5 percent across the United States. A two-bedroom rental is averaging ,180 per month. 200
Rudy Giuliani, President Donald Trump's lawyer, said the line special counsel Robert Mueller wrote in his report about not exonerating Trump on obstruction of justice is a "cheap shot.""This is a cheap shot," Giuliani told CNN's Chris Cuomo on "Cuomo Prime Time," adding, "This is unprofessional."Mueller's investigation of whether the President committed obstruction of justice did not conclude the President committed a crime, but it also "does not exonerate him," Attorney General William Barr quoted from Mueller in his summary to Congress of the special counsel's report. 588
Starbucks, the home of the latte, is expanding a program to open coffee shops in poor neighborhoods. The Seattle-based company plans to open or remodel 85 stores by 2025 in rural and urban communities across the U.S. Each store will have event space, and Starbucks will work with local United Way chapters to offer programs like youth job training. Starbucks has opened 15 community stores since it announced the project 2015, including ones in Ferguson, Missouri, and New Orleans. The company says the stores are profitable and feature the same menu and similar prices as regular Starbucks. 606