Consumer spending is back and has never been better as far as Target CEO Brian Cornell is concerned.
"There's no doubt that, like others, we're currently benefiting from a very strong consumer environment — perhaps the strongest I've seen in my career," Cornell told analysts on a call Wednesday.
The retailer's shares are surging after reporting fiscal second-quarter results that beat on earnings, revenue and comparable store sales. Just when many investors have written off brick-and-mortar retailers in the era of Amazon, Target is seeing a huge jump in foot traffic.
"We're seeing a great consumer response ... unprecedented traffic. As we go back and look, we've never seen traffic growth like this," Cornell said Wednesday morning on CNBC's "Squawk Box."
CNBC
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