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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
PRINCETON, Ind. — A man convicted of killing his 3-month-old son was punched in the face as he left the courtroom following his sentencing on Wednesday.The incident took place at the Gibson County Courthouse, located about 30 miles north of Evansville, Indiana.A judge had just sentenced Kwin Boes to 25 years in prison when a man stepped in front of bailiffs and struck Boes in the face. The two were quickly separated.The 436
Sander Vanocur, known for his tough questioning as a White House reporter, has died at the age of 91, his family confirmed to the 142
Quest Diagnostics says nearly 12 million people could have been affected by a data breach that includes their personal information, certain financial data, Social Security numbers and medical information.According to the company, American Medical Collection Agency informed Quest that an unauthorized user had access to AMCA's system containing personal information they received from various entities, including Quest.AMCA provides billing collection services to Optum360, which is a Quest contractor.According to Quest, AMCA first notified them May 14 of potential unauthorized activity on the AMCA web payment page, and on May 31, they notified them that the data included information on about 11.9 million Quest patients.AMCA has not yet given detailed or complete information about the data breach to Quest or Optum360, the company said, including which information of which individuals may have been affected. Quest has not also been able to verify the accuracy of information received from AMCA, they said."Quest is taking this matter very seriously and is committed to the privacy and security of our patients’ personal information. Since learning of the AMCA data security incident, we have suspended sending collection requests to AMCA," the company said. 1277
Sen. Bernie Sanders was informed by U.S. intelligence officials that Russia is trying to help his presidential campaign, the Washington Post 153