Retail, housing sector numbers ‘still pretty strong’: Investment strategist
The Leuthold Group chief investment strategist Jim Paulsen discusses consumer spending and the markets amid the coronavirus pandemic.
Target on Wednesday issued an upbeat forecast for its business in 2021 after a surge of customers flocked to its stores and website during a holiday season set against the coronavirus pandemic.
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The big-box retailer reported that online sales surged 102% between November and December. During that same time, comparable sales rose 17.2%, Target said.
Even with restrictions meant to stem the spread of the virus keeping more weary shoppers out of stores more than ever, its customer traffic rose by 4.3% and the average ticket rose 12.3%.