NEW YORK (AP) — Target’s sales and profits surged in the first quarter as its customers, emerging from the pandemic, returned in big numbers for dresses, cosmetics and luggage. Sales at stores opened at least a year jumped 18% in the three-month period that ended May 1. That follows a 6.9% increase in the previous quarter. Online sales soared 50% after rocketing 118% higher in the final quarter of 2020. The Minneapolis chain also offered an upbeat sales outlook Wednesday and shares jumped to an all-time high.
Target’s profit surges as Americans cast restrictions aside
