Taghit Department Store Sales Grew Slightly In The Four Quarter.

In the fourth quarter, Target Corp. (NYSE:TGT), the largest retailer in the US, continued to flourish in self brand brand stores in Taghit. In addition, the discount rate of holiday season increased and the passenger flow increased by 1.3%. All these factors promoted the growth of the same store sales and helped the group to turn around the deficit in the fourth quarter of fiscal year 2015.

In the four quarter of January 30, 2016, Target Corp. Taghit department store grew by 1.9% year-on-year, achieving sixth consecutive quarters of growth. It also outperformed Consensus Metrix's comprehensive forecast of 1.5%, with 1.3% of its contribution from digital business. The sales of this business slowed sharply after the first two Ji Fang.

In addition, sales of the same store in fashion, baby, children and health category are nearly 6%, three times that of the same store sales.

Brian Cornell, the chief executive of the group, has focused on fashion, baby, children, health and household products since 2014. Meanwhile, it has strengthened the grocery business which emphasizes organic health and established the position of "parity and fashionable" products in the middle class of the US.

Messi's department store group Macy s Inc. (NYSE:M), the largest group of stores in the four quarter, reported a 4.3% drop in sales in the same store on Tuesday, but still better than market expectations.

Meanwhile, Target Corp., the biggest competitor of Taghit department store, Wal-Mart Stores Inc. NYSE:WMT (WAL-MART), had a 0.6% increase in sales in the same store, but the market expected that the number of digital businesses increased by only 8%.

In the whole year, sales of Taghit Target department store in the 2015 fiscal year totaled 73 billion 785 million US dollars, an increase of 1.6% over the 2014 fiscal year in.

Continuing operations increased 35.6% to $3 billion 321 million, net profit of $3 billion 363 million, and a net loss of 1 billion 636 million US dollars in the previous year.

The Group expects that in the current fiscal year 2016, the adjusted 5.20-5.40 diluted earnings per share will be better than the $5.16 expected in the market, and the expected earnings per diluted share in the first quarter will be 1.15-1.25 dollars, which is in line with the market forecast of US $1.20.

In view of the sale of pharmacies and clinics at the end of last year, the net sales of Taghit Target department store in the fourth quarter of the year decreased by 0.6% to 21 billion 626 million dollars, compared with that of the young, and less than $21 billion 626 million.

21 billion 750 million dollars.

Because the discount offered during Thanksgiving and Christmas holiday season is higher than before, it also provides free shipping discount for all online shopping orders.

Narrowed 60 base points, down from 28.5% in the previous year to 27.9%.

However, the group achieved a net loss of $2 billion 640 million from the Canadian market in the same period of the previous year and converted into a net profit of $1 billion 430 million. The diluted earnings per share also improved from -4.10 US dollars to US $2.32.

Continued

Net profit was $1 billion 421 million, a 48% jump over the previous year's US $960 million.

The adjusted diluted earnings per share were $1.52, slightly lower than the market forecast of $1.54.

Target Corp., chief executive officer of Taghit department store, Brian Cornell, said in the earnings report that it will focus on accelerating earnings growth in the future.