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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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Report: Retail Real Estate Will Stabilize Despite Hitting New Low

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Boston—Colliers International, a leading global real estate services firm, released its annual report on retail real estate trends showing new retail construction will hit a 25 year low in 2010. However, according to Colliers’ 2010 Retail Trends & Opportunities report, retail vacancies will stabilize in many markets. “We aren’t out …