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(Image from article: "Target Earnings Rise 18%; Saks Reports Profit")

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Target's 4Q profit declines 5.2 percent

Target Corp. is reporting a 5.2 percent drop in earnings for the fourth quarter, as the retailer pushed big discounts to get tight-fisted shoppers to buy during the holiday season.

 

Target Earnings Rise 18%; Saks Reports Profit

Target Earnings Rise 18%; Saks Reports Profit

Target's earnings rose 18%, snapping a streak of eight quarterly declines, as the discount retailer saw improvement in its retail and credit-card operations. Saks swung to a $1.9 million profit.

 

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