Target

Customers arrive at a Target store in St. Albert, Alberta, in 2015. Sales boomed at Target in the most recent quarter.

The U.S. retail sector is looking just fine for 2019 — as long as it’s not inside a shopping mall.

Shares of Target and Kohl’s jumped Tuesday after both retailers gave optimistic profit projections for the current year. The companies, which traditionally occupy big-box locations in strip malls, are showing how to defend market share in the age of Amazon.com, which continues to disrupt the industry.

Tuesday, February 23, 2021