Retail News

Target posts a strong Q4 on improved store traffic

StarTribune 03/06/2018

Target’s hard work updating stores, investments in employee pay and training and other initiatives over the past year may be reaping rewards. The retailer reported a 3.6 percent increase in same-store sales in its most recent quarter, driven by a 3.2 percent bump in traffic to physical and online stores. The company credited the newly-enacted corporate tax breaks with helping to boost its 4th quarter profits to $1.1 billion, a 35 percent jump from $817 million in the same period last year.

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