Target Corp

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Other Pre-Announcement

Target Says Private Label Brands Grew About 36% In The First Quarter

Published: 05/19/2021 18:47 GMT
Target Corp (TGT) - Target CEO - See New Investments in Stores , Including Remodeling, Roll Out of Ulta and Apple Shopping Areas, Small- and Medium-sized Stores - Conf Call.
Target Exec- Following This Year's Strong Increase, First Quarter Apparel Sales Have Grown Approximately 29% Over the Last 2 Years.
Target Exec- Private Label Brands Grew About 36% in the First Quarter, the Strongest Increase Co Has Ever Recorded.
Target Exec- Expect FY Capex About $4 Billion, Bulk of Those Expenditures Will Be More Backloaded in the Year, Given the Timing of This Year's Projects.
Target Exec- Staff Turnover is Down Significantly Relative to 2019, Says Investments in Staff Gives "a Competitive Advantage" in Tight Labor Market.
Further Company Coverage: Tgtn ((reuters.