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Target Earnings Meet Expectations

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MINNEAPOLIS, MN/USA (16 August 2000) — US retail giant Target Corp. saw earnings rise 15% in the second quarter of this year. Sales for the quarter were up 7% to US$8.25 billion, largely to a 12% increase in pretax profit at Target stores. Sales at Target stores open at least a year increased 3.2% for […]

MINNEAPOLIS, MN/USA (16 August 2000) — US retail giant Target Corp. saw earnings rise 15% in the second quarter of this year. Sales for the quarter were up 7% to US$8.25 billion, largely to a 12% increase in pretax profit at Target stores. Sales at Target stores open at least a year increased 3.2% for the quarter.
For the first six months Target earned US$497 million, up from US$418 million a year earlier. Target Corp. operates 1,273 stores in 45 states, including 942 Target stores, 267 Mervyn’s stores and 64 department stores. (JW)

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