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Retail

24/7 Wall St.–Channel Checkers Survey: Target (TGT) Unusually Strong

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By Douglas A. McIntyre Updated Published
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bank7Over the last week, the 24/7 Wall St.–Channel Checkers Survey questioned 30 Target (TGT) stores about their sales trends.

Based on the results, Target is doing better than most analysts had expected.

Only 53% of respondents stated that the weak housing market or the weak economy overall was hurting business at their store location.

The other 47% said these macro factors were not affecting sales. The strength of this number was a surprise.

Another surprise in the survey was that 50% of respondents reported business as “above average” at their store location while another 27% said business was “very strong”. Twenty percent reported business as “average” and 7% reported business as “below average”.

When asked about apparel, those polled said that Mossimo was the top selling women’s brand according to 37% of respondents, 30% said it was Merona and 7% said Isaac Misrahi was the top women’s brand.

For more details visit The Channel Checkers.

Douglas A. McIntyre

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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