Target seen hitting $95 billion in sales by 2010
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Target Corp.'s  sales will nearly double to $95 billion by 2010, but it may need to look beyond its traditional big-city base and possibly overseas to sustain growth, consultants Retail Forward said.
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Forrester Research Inc. of Cambridge has put a value on the fast-growing online retail market in the United States, saying American firms will sell $316 billion in goods and services via the Web by 2010.
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Forrester Research projects US online retail sales will more than double over the next six years, reaching $316 billion by 2010. According to a new report from Forrester Research, Inc.
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Wal-Mart Stores Inc , the  world's largest retailer, said it plans capital expenditures  for its current fiscal year of $14.7 billion to $15.4 billion,  lower than its previous forecast.
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Toyota Motor Corp. (7203.T) should hit  its target of 5-percent U.S. sales growth this year despite a  recent slowdown and building concerns about the knock-on effect  of the subprime mortgage crisis, the automaker&#39;s chief  financial officer said on Monday.
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Target Corp  cut its outlook for October sales at stores open at least a year on Monday, the second month in a row the discount retailer has lowered its same-store sales forecast, while warning of disappointing sales.
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Investor's Business Daily - The National Retail Federation said 33.4% of shoppers plan to spend less this year than last year while only 16.4% plan to spend more. The NRF has forecast the smallest sales gain in 5 years as falling home prices, higher food and energy costs and the credit crunch sap spending. Holiday sales account for 25% to 40% of retailers' annual revenue.
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Luxury goods retailer Gucci Group NV said Tuesday that it plans to increase sales by 10 percent a year by doubling the size of its core brand and turning around unprofitable units.
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American Eagle Outfitters Inc.  on Wednesday said May sales at stores open at least a year rose 5 percent, slightly missing Wall Street targets, but the teen clothing retailer reiterated its second-quarter earnings forecast.
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Target Corp. TGT.N on Monday   raised its September forecast, saying it now expects same-store   sales to rise about 5 percent.
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China&#39;s consumer electronics market will grow by almost 90 percent to $94 billion by 2007 as manufacturers shift to high-end digital products and away from more basic items like toys and watches, an industry publication forecasts.
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The company forecast earnings growth in fiscal year 2008 below the companyâs long-term target of 10 percent to 15 percent.
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Target Corp.  on Thursday reported a better-than-expected 6.7 percent jump in September sales at stores open at least a year, and said quarterly earnings would likely be above Wall Street forecasts.
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Sales will be $3.35 billion to $3.5 billion, compared with an October forecast of $3.46 billion to $3.75 billion, because of lower revenue from handsets.
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Target Corp. now expects average October sales close to the top of its previous estimate of a 4 percent to 6 percent increase from last year, the discount retailer said Monday.
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Global semiconductor sales next year are expected to total $215.3 billion, up just 1.2% from this year, according to a forecast released this week by an industry group that tracks global chip sales.
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Hyundai Motor Co. said Friday it expects to increase sales by about 10 percent in the United States and 64 percent in China in 2008 by introducing new models after missing targets last year.