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Stockreport

Target's profit tops as turnaround efforts pay off, shares jump [Reuters]

TARGET (TGT)  More Company Research Source: Reuters
Last target earnings: 3/6 06:30 am Check Earnings Report
US:NYSE Investor Relations: investors.target.com
PDF FILE PHOTO: A newly constructed Target store is shown in San Diego, California May 17, 2016. REUTERS/Mike Blake/File Photo Target Corp ( TGT.N ) reported higher-than-expected quarterly profit and sales as some of its turnaround initiatives, including revamping stores and increased promotions, paid off. The company's shares rose 8.4 percent in premarket trading on Wednesday, bringing some cheer to the retail sector, which has been hurt by weak performances from department store chains last week. Target said in February it would undertake "aggressive promotional activities", revamp stores and invest in new brands and technology to combat competition from Wal-Mart Stores Inc ( WMT.N ) and Amazon.com Inc ( AMZN.O ). "We have started seeing improvement in store standards, including in-stocks, general tidiness and the front-end register experience as we [Read more]

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