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HouTex
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Target's 4th Quarter Profit Up 54%

submitted on February 25, 2010 by HouTex in "Stores / Merchants"
Target Corp.'s fiscal fourth-quarter profit climbed 54% as the discount retailer benefited from better-than-expected holiday sales and stabilization at its credit-card business. Results topped Wall Street's expectations.

The company is moving to remodel its stores, mainly to add more groceries as well as designer apparel offerings, as it moves away from its struggles during the recession. Shoppers had steered away from Target's cheap-chic offerings to market leader Wal-Mart Stores Inc., and the company is looking to win back those customers.

from http://online.wsj.com/article/.....pHeadlines

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  • 53772
    YanBz
    admin
    Posted by YanBz on February 25, 2010
    [reply] 3 0
    I would think any discount store (like Walmart or Target) should be doing fine in this economy. This is where everyone comes to shop in tough times

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