Overview

• Target's comparable sales rose 2% in the second quarter, reversing a year-long decline.
• Price cuts on groceries and essentials attracted budget-conscious shoppers.
• Online sales and new store brands like All in Motion contributed to growth.
• Target's loyalty program and 'Circle Week' promotions increased transaction volume.
• Retail competitors like Walmart and TJX also reported positive earnings, highlighting a trend towards value shopping.