Wednesday, 27 February 2013

Economy News Headlines - Yahoo! News: Target profit slipped in winter holiday quarter

Economy News Headlines - Yahoo! News
Get the latest economy news headlines from Yahoo! News. Find breaking economy news, including analysis and opinion on top economy stories, photos and more.
Target profit slipped in winter holiday quarter
Feb 27th 2013, 13:00

Shoppers enter a Target store in Arvada(Reuters) - Target Corp posted lower quarterly profit on Wednesday, as sales of food and value-priced items only partially mitigated some weakness it saw when holiday shoppers held back from discretionary spending in an uncertain economy. Target's holiday season included a disappointing showing for its collection of gifts sold in collaboration with high-end department store Neiman Marcus. The line of designer dresses, dishes and other products launched on December 1, and Target sharply discounted the goods even before Christmas Target earned $961 million, or $1. ...


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