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Article: Core Division Provides Lift For Target.(Target Stores Inc. and Target Corp.)(Brief Article)(Statistical Data Included)
- Article from:
- Mass Market Retailers
- Article date:
- September 4, 2000
CopyrightCOPYRIGHT 2000 Racher Press, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MINNEAPOLIS -- Low, double-digit growth in its core discount store division and the effects of extraordinary items paved the way for a 15% increase in net income during the second quarter at Target Corp., a performance that met retail analysts' expectations.
Net profits for the three months ended July 29 grew to $258 million from $224 million in the fiscal 1999 period. Those results reflect a $1 million gain from debt extinguishment in the most recently completed quarter and a $4 million charge in the prior-year period. Before those items earnings were up 12.5%.
Total revenues increased 7.3% to $8.25 billion, with companywide same-store sales growing at ...
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...MINNEAPOLIS -- The Target division of Target Corp. plans to expand its merchandise offering with ... last year, said Gregg Steinhafel, president, Target Stores, during Target Corp.'s fourth quarter conference call. In addition ...
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