Target Corp. (NYSE TGT) on Thursday boosted its fourth-quarter sales outlook, following a holiday shopping season that went better than expected for the Minneapolis-based retailer. The company also noted several retirements from its executive suite.

Discounts and sales events have remained a significant sales driver, as consumers emerge from a more than two-year stretch of high inflation. It’s unclear how much those deals will cut into Target’s and other retailers’ profit margins, and whether sales will keep improving if promotions fade away.