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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... [read full story]                    

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