Target Swings to Sales Growth as Price Cuts Lure Shoppers.

Target Corp. has experienced a turnaround in the second quarter, with a 2% increase in comparable sales and higher-than-expected earnings per share. This growth is attributed to consumers taking advantage of sales and purchasing discretionary products. Target's efforts to lower prices and offer new assortments in discretionary categories have resonated with shoppers, leading to increased traffic in stores and online sales. However, the company remains cautious about the broader economy and maintains its guidance of flat to 2% growth in comparable sales for the year. Other retailers, such as Walmart and TJX Cos., have also seen success by focusing on necessities and offering bargains. [Extracted from the article]