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.
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