Best Buy exceeded revenue and earnings expectations in its recent quarter but maintained its full-year forecast due to tariff-related uncertainties, which are impacting consumer spending and product costs. The company is launching a third-party marketplace to boost growth amid ongoing challenges from higher interest rates and tariff impacts, with some price increases already implemented.
Target reported higher holiday-quarter earnings with a smaller-than-expected sales decline and plans to launch a paid membership program called Target Circle 360, offering unlimited same-day delivery. The company also aims to open 300 new U.S. stores and remodel existing ones, while introducing new products and services to boost sales. Target's CEO expects the new loyalty program and retail strategy to reignite sales, traffic, and market share gains in 2024, with an earnings outlook of $8.60 to $9.60 per share for the year.
