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
    The discounter, however, offered a full-year profit outlook that was above Wall Street estimates. Target's shares edged higher in premarket trading. Target, like others including rival Wal-Mart Stores Inc., stepped up price cutting during the holiday ...
    02/23/2012 - 4:00 am | View Link
  • Target's 4Q profit declines 5.2 percent amid heavy discounting to bring in holiday shoppers
    NEW YORK — Target Corp. reported a 5.2 percent drop in earnings for the fourth quarter, as big discounts to get tight-fisted shoppers to buy during the holiday season eroded profits. The discounter, however, offered a full-year profit outlook that was ...
    02/23/2012 - 1:09 am | View Link
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