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NEW YORK, May 20 (Reuters) - Target Corp (TGT.N: ) reported a 7.5 percent decline in quarterly profit on Tuesday as shoppers passed over clothes and jewelry in favor of basics like food, hurting the retailer's margins. The No. 2 U.S. discount chain behind Wal-Mart Stores Inc (WMT.N: ) said profit...
Full Coverage:
Retailer's sales, profit head lower
Target Corp., the second-biggest discount retailer, said profit fell for the third straight quarter as consumers, stung by record gasoline and food prices, cut back on purchases of clothing and home furnishings. ... Net income declined 7.5 percent in the first quarter as...
Target emphasizing sale prices on goods
Published: Wednesday, May 21, 2008 1:06 a.m. MDT MINNEAPOLIS — With first-quarter profits down 8 percent and the economy in a funk, Target is emphasizing the "pay less" part of its "Expect More, Pay Less" slogan. The nation's second-largest discount retailer said softer-than-expected sales and...
Target sales, profits fall as shoppers spend less
But the retailer is faring better than others by using discipline and sticking to its strategy. It was the third straight quarter that the Minneapolis-based retailer saw profits drop. That helped the Minneapolis-based retailer avoid the massive markdowns Saks' resorted to in the first quarter...
Target profit falls on sluggish sales
Target Corp has posted a 7.5 per cent drop in quarterly profit, hurt by softer sales as shoppers passed over clothes and home decor purchases in favour of basics like food. Analysts, on average, had been expecting earnings of 71 cents per share, according to Reuters Estimates. Kaufler said Target...
Target profit falls on sluggish sales (AAP)
Target Corp has posted a 7.5 per cent drop in quarterly profit, hurt by softer sales as shoppers passed over clothes and home decor purchases in favour of basics like food. Analysts, on average, had been expecting earnings of 71 cents per share, according to Reuters Estimates. Kaufler said Target...
UPDATE - Target profit falls; sees sluggish sales growth (at Reuters)
By Nicole Maestri NEW YORK, May 20 (Reuters) - Target Corp (TGT.N: ) posted a 7.5 percent drop in quarterly profit on Tuesday, hurt by softer sales as shoppers passed over clothes and home decor purchases in favor of basics like food. The No. 2 U.S. discount chain behind Wal-Mart Stores Inc...
Target 1Q profit drops, cites higher costs
MINNEAPOLIS – Profits dropped almost 8 percent at Target Corp. on softer-than-expected sales and higher costs, but the discount retailer still beat Wall Street earnings estimate for its first quarter. The nation's second-largest discount retailer on Tuesday reported a profit of $602 million, or...
Target profit falls; sees sluggish sales growth
By Nicole Maestri NEW YORK (Reuters) - Target Corp (TGT.N: ) reported a 7.5 percent decline in quarterly profit on Tuesday as shoppers passed over clothes and jewelry in favor of basics like food, hurting the retailer's margins. The No. 2 U.S. discount chain behind Wal-Mart Stores Inc (WMT.N: )...
Target Posts Profit but Sees Sluggish Sales Ahead
Target Corp., the second largest U.S. retailer, reported a profit which beat Wall Street forecasts as the company's chief financial officer said sluggish sales were ahead. The discount retailer reported a net income of $602 million, or 74 cents per share, down 7.5 percent compared to net income...
Target 1Q profit drops, cites higher costs
MINNEAPOLIS (AP) - Profits dropped almost 8 percent at Target Corp. on softer-than-expected sales and higher costs, but still beat Wall Street earnings estimate for its first quarter. In this Nov. 20, 2007 file photo, showing the front entrance of a Target store in Newark, Calif. Staples Inc....
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