Target reports biggest sales surge in its 58-year history

Target reports biggest sales surge in its 58-year history

Big-box US retailer Target has reported the biggest quarterly sales surge in its 58-year history, sending one of the clearest signals yet that shifts in consumer behaviour in the pandemic are widening the gap between the strongest chains and their weaker rivals. Brian Cornell, chief executive, hailed Target’s performance as “extraordinary” as the company on Wednesday disclosed a 24 per cent year-on-year rise in second quarter like-for-like sales. Such an upswing is remarkable for a retailer the size of Target, which opened its first outlet in Minnesota in 1962 and has since expanded to 1,900 stores across the US. The... Read More
TikTok not a national security threat, exec says

TikTok not a national security threat, exec says

TikTok logos are seen on smartphones in front of a displayed ByteDance logo in this illustration taken November 27, 2019. Dado Ruvic | Reuters TikTok doubled down on its message that it’s not a national security threat, reassuring users that it will be available for the foreseeable future. “We’re not a national security threat and we’ve said that time and again,” Vanessa Pappas, general manager of TikTok U.S., said in an interview that aired Wednesday on NBC’s Today show. “We have very strict data controls in place, we have an amazing team that’s building world class infrastructure.” The Chinese-owned social... Read More
Market Dimension, Business Analysis, Govt Initiatives

Market Dimension, Business Analysis, Govt Initiatives

A business requires the constant inflow of funds so as to generate revenues and an entrepreneur realizes that if he has to offer a concrete shape to his dream enterprise, he needs to have the mandatory financial sources at his ready disposal. What do you consider the federal reserve?Do you suppose the Federal reserve a non-public banking institution should have the ability to loan the U.S Authorities, at curiosity it is own money? Or should we do away with the reserve and print our personal money without interest. Led by an skilled facilitator, roundtables supply a casual and intimate setting... Read More