Clark, Evan
February 2008
WWD: Women's Wear Daily;2/27/2008, Vol. 195 Issue 43, p2
Trade Publication
The article reports on the financial performance of discounter Target in Minneapolis, Minnesota, in the fourth quarter of 2007. Target's fourth-quarter earnings fell to $1.03 billion, or $1.23 a diluted share, from $1.12 billion, or $1.29, a year earlier. Gross margins were hurt by price promotions to move goods once sales shaped up to be slower than anticipated. Total revenues for the quarter, which ended on February 2, 2008, inched up 0.8 percent to $19.87 billion, versus $19.71 billion a year earlier.


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