Retail business

Target (TGT) Q1 2022 earnings

Target on Wednesday reported quarterly results well below Wall Street expectations, as the retailer faced high transportation costs, higher markdowns and weaker-than-expected sales of discretionary items, from televisions to bicycles. The shares fell about 22% in premarket trading. Here’s what Target reported for the fiscal first quarter ended April 30, compared to consensus estimates from …

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Shopee, Garena post strong revenue

Shares of Southeast Asian e-commerce and gaming company Sea Group surged after its first-quarter earnings beat analysts’ expectations on Tuesday. Sea’s U.S.-listed shares rose 14% to close at $80.21 after the Singapore-based internet company reported earnings that beat analysts’ expectations in the first quarter of this year. Here’s how the NYSE-listed company fared from January …

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