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.

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  • Target's 4Q profit declines 5.2 percent
    But Target's cutting wasn't as aggressive as rivals because it chose give up some sales in order to hold onto profit margins. The company, based in Minneapolis, said revenue rose 3.3 percent to $20.94 billion, up from the $21.23 billion analysts polled by ...
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  • Target's 4Q profit declines 5.2 percent
    But the discounter, which said Thursday that its business has rebounded since then, offered a full-year profit outlook that was above Wall Street estimates. The holiday season turned out to be fiercely competitive with stores offering deep discounts to get ...
    02/23/2012 - 10:18 am | View Link
  • Target's 4Q profit declines 5.2 percent
    NEW YORK (AP) -- Target Corp. reported that fourth-quarter earnings fell 5.2 percent due to sluggish holiday sales. But the discounter, which said Thursday that its business has rebounded since then, offered a full-year profit outlook that was above Wall ...
    02/23/2012 - 9:20 am | View Link
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