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UPDATE 2-Target comp sales beat shows turnaround efforts gaining traction

2016-02-25 06:16:17| Apparel - Topix.net

Feb 24 Target Corp's quarterly comparable sales beat analysts' estimates, helped by higher traffic and strong demand for goods in its higher-margin signature categories, which include apparel, products for children, and health and wellness items. The retailer, whose shares were up 1.2 percent at $74.89 in early trading on Wednesday, also forecast a higher-than-expected adjusted profit for the full year.

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