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Santas shopped the sales at Target, resulting in a better-than-expected holiday bump

Catherine Roberts, The Minnesota Star Tribune on

Published in Business News

Heavy promotion and sales drew people into Target stores over the holidays, boosting comparable sales by 2% as people bought apparel and toys to put under the tree, the retailer said Thursday.

While not robust compared with past holiday seasons, it beat the Minneapolis-based retailer’s guidance of flat sales and is a much better performance than in the August-through-October period.

The National Retail Federation had predicted holiday sales would increase between 2.5% and 3.5%.

While not giving specifics, Target said it saw “a meaningful acceleration in discretionary categories” compared with its last quarter, especially apparel and toys and including beauty products.

“Our team delivered continued traffic growth and better-than-expected holiday-season performance, thanks to their focus on serving guests with an inspiring, easy, and joyous shopping experience,” Target CEO Brian Cornell said.

However, Target did not increase its profit guidance, indicating shoppers gravitated toward sales items.

 

Led by a record Black Friday and Cyber Monday, traffic to both Target’s physical and online stores increased 3%. Digital sales increased 8%.

The figures are preliminary, and the retailer did not release its projected profit. The complete report will be released in March.

Target also announced some executive changes Thursday, including the retirement of Mark Schindele, executive vice president and chief stores officer. His successor will be Adrienne Costanzo, currently senior vice president of store operations.

Also effective Feb. 2, Brett Craig, executive vice president and chief information officer, will retire. Prat Vemana, currently chief digital and product officer, will take on the role of chief information and product officer as well.

Target also said Sarah Travis, currently senior vice president, Roundel and social commerce, will be promoted to chief digital and revenue officer.


©2025 The Minnesota Star Tribune. Visit at startribune.com. Distributed by Tribune Content Agency, LLC.

 

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