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Target says it's on track to end its sales slump after another lackluster quarter [MSNBC.com]

TJX Companies, Inc. (The) (TJX) 
Last tjx companies, inc. (the) earnings: 2/26 08:00 am Check Earnings Report
US:NYSE Investor Relations: investor.tjx.com
Company Research Source: MSNBC.com
In this articleSign at the entrance to a Target store in Venice, Florida.Erik Mcgregor | Lightrocket | Getty ImagesMINNEAPOLIS —The big-box retailer, which is in the middle of a turnaround effort, said sales and traffic trends picked up in the last two months of the holiday quarter. Then sales turned positive year over year in February, which is the beginning of the current quarter.In a news release, Target CEO Michael Fiddelke described that inflection as "an important milestone on our path back to growth this year" and said it reinforces "my confidence in the momentum we're building and the future we're creating together."For the current fiscal year, Target expects net sales to rise about 2% compared with the prior year and anticipates that metric will grow in every quarter of the year. That net sales growth for the year would reflect a small increase in comparable sales, the retailer said. The company added that its new stores and nonmerchandise sales, such as advertising and membe Show less Read more
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