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Pokémon, sports trading card boom boosts Target, Walmart ahead of holiday season

1. Target's trading card sales surge nearly 70% year-to-date, expected to exceed $1 billion. 2. New weekly exclusive drops planned to stimulate holiday demand across demographics. 3. Strong growth attributed to millennials and Gen Z, focusing on self-purchases and nostalgia. 4. Trading cards maintain consistent appeal, not limited to holiday sales; attracting diverse buyers. 5. Future growth expected with key events like the FIFA World Cup and WNBA rising popularity.

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FAQ

Why Bullish?

Target's significant increase in trading card sales aligns with broader market trends, suggesting growth potential. Historical precedents show spikes in stock prices during robust sales periods, reinforcing confidence.

How important is it?

The article highlights an emerging sales category for Target, directly impacting revenue and stock performance. The significant sales growth, especially during the holiday season, suggests potential upward pressure on stock price.

Why Long Term?

Continued investment in trading cards and upcoming events ensure sustained sales growth. The long-term strategy of expanding demographics and product offerings signals enduring market presence.

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