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Target Gets Q1 Profit Boost as Consumers Spend on Non-Essentials

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Minneapolis–Target Corp. reported Wednesday that its first-quarter profit rose 29% beating Wall Street expectations an indicating that consumers are spending again on non-essential items including apparel and accessories. An 188% increase in the company’s credit card unit’s profit also boosted results. Net income rose to $671 million, or 90 cents …

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Walmart Reports 1st Quarter Profit but Cautious About Future

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Bentonville, AR—Although Walmart  Inc. posted quarterly results Tuesday that beat Wall Street expectations, the world’s largest retailer forecast second-quarter earnings that could fall short of estimates and said its same-store sales could also drop. The company said consumers are still worried about their personal finances, unemployment and higher fuel prices as …

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NRF: April Retail Sales Show Continued Momentum

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Washington–Retail sales continued their upward climb in April, showing evidence of a much more confident consumer compared to this time last year. According to figures released Friday by the National Retail Federation, April retail industry sales (which exclude automobiles, gas stations, and restaurants) increased 0.5% seasonally adjusted over March and …

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JCPenney Doubles 1st Quarter Income, Raises Full Year Guidance

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Plano,TX–JCPenney Co. reported today that its first-quarter net income more than doubled as the department store  benefited from sales improvements across most types of merchandise and tighter controls on inventory. The retailer raised its full-year guidance on Friday, but even the higher forecast and the second-quarter outlook was muted as …

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Dillard’s 1st Quarter Profits Increase as Margins Improve

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Little Rock, AR–Dillard’s Inc. reported today a surge in fiscal first-quarter profit as cost-cutting improved margins at the department-store operator and revenue rose moderately. The company’s same-store sales have underperformed the industry over the past decade, but ratings agencies have nevertheless become increasingly bullish on Dillard’s, which has earned three …