Target reports biggest day ever for website, strong sales in TVs

Target Corporation said it had a strong start to Black Friday sales and Target.com saw its biggest day ever, with double digit growth, in the lead up. The store started its deals on Wednesday. Televisions were a top selling product and Target sold more than 3,200 TVs every minute in the first hour of the store opening. Other popular items included Apple Inc.’s iPad Air 2, iPad Pro and Apple Watch Series 1, gaming systems and wearables such as the Fitbit Charge HR. Target said it sold five times more wireless headphones on Black Friday compared to last year. Shares of Target were up 1% in premarket trade. Shares of Target have fallen 8% year-to-date, compared to the S&P 500’s gain of 8%.

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From:: Stock Market News

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