Target 3rd-Qtr Net Rises 78% After Sale of Two Chains
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Target Corp., the second-largest US discount retailer, said third-quarter profit surged 78 percent after selling its Marshall Field&#39;s and Mervyn&#39;s chains.
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Target Corp.  reported higher quarterly profit on Tuesday, beating estimates on strong holiday season sales and growth in its credit card business, though the stock fell more than 3 percent amid a broad market sell-off.
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Target Corp.  said on Tuesday quarterly profit rose, helped by strong holiday season sales and returns from its credit card business.
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The Commerce Department on Friday said online retail sales increased more than 21 percent in the third quarter. Adjusted for seasonal variations and holiday and trading-day differences, online
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Sales of major store chains rose just 1.7 percent in November from a year ago, said a survey sponsored by the International Council of Shopping Centers (ICSC), after a year-earlier gain of 3.7 percent.
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Target Corp.  reported higher quarterly profit on Tuesday, beating estimates on strong holiday season sales and growth in its credit card business, though the stock fell nearly 3 percent amid a broad market sell-off.
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Retailer Next sees profits rise 3.6% after strong sales at its catalogue and internet arm offset weak same-store sales.
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The Target Corporation said today its quarterly profit rose almost 18 percent, helped by its credit card business and strong sales at established stores.
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Jos. A. Bank Clothiers (JOSB:Nasdaq - news - research) posted a handsome third-quarter profit Monday, as strong Internet and catalogue sales helped drive a 17% hike in net income.
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Target Corp. TGT.N, the No. 2 U.S.  discount retailer, on Thursday posted a higher quarterly  profit, boosted by stronger sales and gains from the sale of  its Mervyn's department store chain.
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U.S. chain store retail sales rose in the latest week as a holiday weekend gave Americans more time to shop, a report said on Tuesday.
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Kingfisher reported a rise of 6.7 per cent in retail profit to Â£190m for the third quarter with like-for-like sales up 2.6 per cent.
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Retail sales over the Internet rose 4.7 percent in the third quarter and gained 21.5 percent compared with the same period last year as consumers continued to turn to e-commerce for shopping, a government report showed Friday.
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Safeway Inc. , the No. 3 U.S. grocer, posted a 77 percent rise in quarterly profit on Thursday, helped by a tax benefit in the latest quarter and year-ago results that were hurt by store closures and employee buyouts.
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Business & money: Department store group reports 8% jump in sales, while sales at Waitrose were 28.5% higher on the year
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U.S. chain store retail sales rose in the latest week, as increased customer traffic at discount and department stores continues to drive sales, a retail report said on Tuesday.
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Third-quarter net income rose 7.4 percent to $960 million, helped by strong demand in international markets. The company also raised its full-year profit outlook.