‘A resurgence of physical retail’: Retailers report upticks in store sales

It wasn’t too long ago that analysts bemoaned the onset of the “retail apocalypse,” but retail earnings reports coming out in the past two weeks have them singing a different tune.

On Wednesday, Target’s earnings presented investors with hope for the future and probably granted them a sigh of relief — the retailer flew past Wall Street’s expectations and saw its biggest sales growth in 13 years. Target reported that comparable sales increased by 6.5 percent, buoyed by stronger foot traffic at physical stores, and e-commerce sales have grown by 41 percent since a year ago...

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RSK: This helps but won`t save the day. Retailers will still have to morph into the new retailer...



- - Volume: 6 - WEEK: 35 Date: 8/28/2018 7:48:14 AM -