Target Earnings Top Estimates, and Outlook is Strong

Target reported Wednesday morning that net earnings grew 22.6% in the third quarter, beating estimates, as sales rose 3% and the company got a boost from its credit card business. The company also expects fourth quarter comparable sales to be the best they've been in the past three years.

Retail Sales Suffer in the Intense July Heat

The weather was hot in July, but consumers went cold, leading to disappointing retail sales that came in below or at the low end of most forecasts. The high temperatures across the U.S. may have been one culprit, helping boost sales of marked-down summer clearance items.

Bed, Bath & Beyond Earnings: Shares Slide Despite Strong Quarter

Bed Bath & Beyond shares skidded more than 5% in premarket trading after the home furnishings retailer reported its first-quarter earnings late Wednesday. While the quarterly results were strong, the company issued a disappointing forecast for the second quarter.