Target saw strong foot traffic in 2023 but a sharp dip in January, research says

2024-03-05 00:01:00+00:00 - Scroll down for original article

Click the button to request GPT analysis of the article, or scroll down to read the original article text

Original Article:

Source: Link

Target Corp., which reports its fourth-quarter results on Tuesday morning, enjoyed strong foot traffic to its stores in 2023 before seeing a dip in January, according to data from analytics company Placer.ai. Visits to Target TGT, -3.09% during the fourth quarter of 2023 were up 1.6% year over year, according to Placer.ai, and also rose from the previous year in every quarter of 2023. Placer.ai’s research, which also analyzed foot traffic to big-box retailers Walmart Inc. WMT, +0.92% , Costco Wholesale Corp. COST, +1.30% , BJ’s Wholesale Club Holdings Inc. BJ, -0.53% and Walmart subsidiary Sam’s Club, found that the superstore and wholesale space performed well across the board in 2023.