Target Swings to Sales Growth as It Cuts Prices to Lure Shoppers.

Target Corp. has reported a 2% increase in comparable sales in the second quarter, ending a streak of sales declines. The company attributes the growth to improved discretionary spending and higher traffic in stores, as well as rising online sales. Target has implemented price cuts on essential items and focused on its loyalty program to attract consumers. While the company remains cautious about the broader economy, it has raised its earnings per share outlook due to strong profit performance. This turnaround contrasts with other retailers, such as Home Depot and Lowe's, who have cut their outlooks. [Extracted from the article]