Target Has A Poor Performance In The First Quarter, And The Impact Of The Retail Industry Is Extensive.

During this time, attention has always been paid to the small partners of high-end chain stores. We should know that from the bankruptcy of a chain store like BHS in England to Hongkong.

The decline of the chain stores, such as the eight hundred companies in China's Hua Di Group, also welcomed the ugly performance. The impact of the retail industry has become the focus of the current.

Target, who recently released its first quarter earnings report, is equally concerned.

It is reported that during the first quarter,

Group store sales grew 1.2% in the first quarter of fiscal 2015, while sales in digital channels increased by 23% compared to the same period in the same period last year, up 38% in the previous fiscal year.

During the first quarter, the group

It recorded a drop of 5.4% to $16 billion 200 million, compared with $17 billion 100 million in the previous fiscal year.

In addition, EBIT grew to 4.9% US dollars in the first quarter, to US $1 billion 323 million.

After the announcement of the above data, Target's same store sales increased by 1.2% less than market expectations of 1.6%, while the 5.8% decline in group net profit compared with the same period in the previous fiscal year also disappointed market investors.

The group said the EPS data forecast for the two quarter was between $1 and $1.20, which was worse than the market expected $1.36.

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