Unformatted text preview: Same-store sales, or sales at stores open at least a year, are key indicators of retail performance because they measure growth at existing stores rather than newly opened ones. Because of these same-store sales, most board members are predicting an increase in profits for the fourth quarter, but there will be little price change in earnings per share. Target has decided to repurchase many of their stocks from customers by the end of 2008. In doing so, Target Corporation hopes that more money will be returned to the stockholders and increase the value of the shares. By taking the more aggressive route, the Target Corporation is optimistic that revenues will increase and there will be growth in the sales of higher margin goods....
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This note was uploaded on 05/11/2008 for the course ECON 102A taught by Professor Sorensen during the Spring '08 term at UC Riverside.
- Spring '08