Target Reports Second Quarter 2012 Earnings
Aug 16, 2012
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Target Corp. reported second quarter net earnings of $704 million. U.S. retail sales were up 3.5% to $16.5 billion in second quarter 2012 from $15.9 billion in 2Q 2011, reflecting a 3.1% increase in comparable-store sales combined with new stores.

The company currently has 1,772 stores in the United States and operates the Target.com e-tailing site. The company plans to open its first stores in Canada in 2013.

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