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Target’s fiscal Q1 earnings surpass company expectations
MINNEAPOLIS — Target’s 2017 fiscal first-quarter comparable-store sales suffered a 1.3% year-over-year decrease, driven by small declines in both traffic and basket size. First quarter sales for the period ended April 29 also dipped slightly from $16.2 billion to $16 billion.
Adjusted earnings per share also slipped by 6.3% versus the prior year to $1.21 per share, but this far surpassed company guidance, which had been between 80 cents and $1 per share.
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Report: Target could test Restock service next month
MINNEAPOLIS — Target could begin testing its Target Restock service, whereby customers will be able to fill a large box of a specific size with as many items as can fit in it, choosing from more than 8,000 household essentials, beauty and personal care items and dry grocery products, as soon as next month, according to the Minneapolis Star-Tribune. Original testing could be done in smaller markets of Minnesota to start.