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Target quarterly profit down 7.5 pct

                   
reuters.com
20-May-2008
        
Story Timeline:  147 days

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... [read full story]                    

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Latest article on this story:

Retailer's sales, profit head lower

 star-telegram.com 21-May-2008
First article on this story:

Target 1Q profit drops, cites higher costs

 newsvine.com 20-May-2008
Selected publications with coverage of this story:
kmtr.com reuters.com chron.com wcco.com canadianbusiness.com brandonsun.com startribune.com earthtimes.org deseretnews.com fox23news.com cnn.com theglobeandmail.com
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UPDATE 3-Target profit falls; sees sluggish sales growth

reuters.com
20-May-2008
        

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...

Target first-quarter profit drops 8 per cent, cites higher costs

brandonsun.com
20-May-2008
        

MINNEAPOLIS - Profits dropped almost eight per cent at Target Corp. on softer-than-expected sales and higher costs, but the U.S. discount retailer still beat Wall Street earnings estimate for its first quarter. America's second-largest discount retailer on Tuesday reported a profit of $602...

                   

Target quarterly profit falls 7.5 pct

reuters.com
20-May-2008
        

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...

                   

Target quarterly profit falls 7.5 percent

earthtimes.org
20-May-2008
        

By Nicole Maestri NEW YORK (Reuters) - Analysts, on average, had been expecting earnings of 71 cents per share, according to Reuters Estimates. But as the U.S. economy has faltered, so too have Target's sales, particularly of higher-margin items, as shoppers forgo purchases of new clothes and...

                   

UPDATE 2-Target quarterly profit falls 7.5 pct

reuters.com
20-May-2008
        

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...

                   

Target quarterly profit down 7.5 percent

earthtimes.org
20-May-2008
        

NEW YORK (Reuters) - Target Corp 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 said profit was $602 million, or 74...

Target 1st-quarter profit falls almost 8 percent on higher costs, soft sales

canadianbusiness.com
20-May-2008
        

MINNEAPOLIS (AP) - Target says it first quarter profit dropped almost 8 percent due to higher costs and softer-than-expected sales. The company still beat Wall Street earnings estimates though. Target Corp. says its net income fell to $602 million, or 74 cents per share, from $651 million, or 75...

Target quarterly profit falls

theglobeandmail.com
20-May-2008
        

NEW YORK — Target Corp reported lower quarterly profit Tuesday, as shoppers overlooked purchases of clothes or jewellery in favour of basics like food, hurting the retailer's margins. The No. 2 U.S. discount chain behind Wal-Mart Stores Inc. said profit was $602-million (U.S.), or 74 cents per...