Gregg Steinhafel News
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Target Corp., the second-largest U.S. discount retailer, said first-quarter profit will be less than it previously expected as cold weather hampered sales of spring merchandise.
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Target Corp., the second-largest U.S. discount chain, said sales this month started slowly as shoppers face higher gas prices and payroll taxes, mirroring what Wal-Mart Stores Inc. reported last week.
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Sales at U.S. retailers climbed twice as much as forecast in February, showing improving job prospects are helping consumers and the economy overcome higher taxes and gasoline prices.
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Target Corp. , the second-largest U.S. discount retailer, posted a decline in first-quarter gross margin as rising gas prices curbed shopping trips and spending on discretionary items.
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Sales at U.S. retailers probably rose in February for the fourth consecutive month as an improved job market and stronger household finances helped consumers adjust to a higher payroll tax, economists said before a report this week.
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Sales at U.S. retailers probably rose in February for a fourth consecutive month as a better job market and stronger household finances helped consumers adjust to a higher payroll tax, economists said before a report today.
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Target Corp. stores will match the online prices of retailers including Amazon.com Inc., Wal-Mart Stores Inc. and Best Buy Co. during the holiday season as it works to stem the loss of sales to rivals’ websites.
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U.S. stocks rose, sending the Dow Jones Industrial Average to the highest level in five years, as better-than-estimated housing data bolstered economic optimism and European shares rebounded amid gains in Italian bonds.
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Target Corp. , the second-largest U.S. discount retailer, posted a 2.7 percent gain in first-quarter profit that beat analysts’ projections, bolstered by a credit- card business it may sell this year.
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Lenders could lose $168 billion if banks sell loans into the Public-Private Investment Partnership at market prices instead of their balance-sheet valuation, Jamie McGee and Margaret Chadbourn of Bloomberg News report, citing estimates in regulatory filings.
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