People shop there still for that sense of discovery and it's discovery at a very affordable price point. It's a higher margin category than safe food or paper products. And so that definitely helps Target as well. I have to say, I'm always surprised, like bathing suits and things. Like it's pretty amazing kind of stuff that they have in there. They had very positive and strong traffic into their stores. That really helped avoid their overall results.
Bloomberg News Wall Street Reporter Sonali Basak checks in from the Goldman Sachs Group investor day. Bloomberg Businessweek Editor Joel Weber and Bloomberg News Equities Reporter Bailey Lipschultz provide the details of Bailey's Businessweek Magazine story The SPAC Fad Is Ending in a Pile of Bankruptcies and Fire Sales. Bloomberg Intelligence Senior Retail Staples & Packaged Food Analyst Jennifer Bartashus reports on Target earnings and outlook. And we Drive to the Close with Nadia Lovell, Senior U.S. Equity Strategist at UBS Global Wealth Management.
Hosts: Carol Massar and Madison Mills. Producer: Paul Brennan.
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