Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Target Reports First Quarter 2013 Earnings
May 31, 2013
 Printable format
 Email this Article
 Search

U.S. retailer Target Corp. (Minneapolis) reported first quarter net earnings of $498 million.

"Target's first quarter earnings were below expectations as a result of softer-than-expected sales, particularly in apparel and other seasonal and weather-sensitive categories," said Gregg Steinhafel, chairman, president, and CEO. "While we are disappointed in our first quarter performance, we remain confident in our strategy."

First-quarter 2013 sales were up 0.5% to $16.6 billion from $16.5 billion in FY 2012 - a 0.6% decline in comparable-store sales combined with the contribution from new stores. Segment earnings in 1Q 2013 before interest expense and income taxes (EBIT) were $1,239 million, down 7.5% from $1,340 million in 1Q 2012.

Target opened its first 24 Canadian stores in March 2013.

Back to Daily News

 

Daily News

...........................................................

Nov 5, 2014: Consumers may be taking a wait-and-see approach to holiday tech spending

Nov 3, 2014: Home Appliances segment profits boosts Mitsubishi Electric results

Nov 3, 2014: Restaurant capital spending, including commercial appliances, shows September decrease

Nov 3, 2014: hhgregg reports quarterly loss

Oct 31, 2014: Whirlpool Completes Acquisition of Majority Stake In Hefei Sanyo

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

November 2014: U.S. Appliance Industry: Market Value, Life Expectancy & Replacement Picture 2014
October 2014: Portrait of the European Appliance Industry
September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows