top shadow

Trade Readers:
I am a Manufacturer’s Rep
I am a Distributor
I am a Textile Supplier
I am a Banker or Factor
I am an OEM Producer
I want to receive more info from this company about its products
I want to receive a catalog from this company
I want to learn more about carrying this brand in my store; have them contact me
I would like to become a manufacturer’s representative for this company; have them contact me
I want to comment on this brand
I am a store owner/buyer who would recommend this brand to other stores

Consumer Readers:
I am a consumer who wants to purchase garments from this company; have someone contact me
I am a consumer who wants to know how/where to purchase this product

I am a consumer who would like a consumer catalog, if you provide one
I am a consumer who would recommend this brand

current news

Target: 2.7% 2Q Sales Drop

Target General Merchandise Store.
Target General Merchandise Store.

(Filed Under Financial and General Interest News). Target Corporation reported net earnings of $594 million in the second quarter ended August 1st, 2009, compared with $634 million in last year’s second quarter. Earnings per share decreased 3.9 percent to 79 cents from 82 cents, beating expectations; the company said. “[This was] due to a very strong operating margin in our retail segment, and credit card segment performance in line with expectations,” Gregg Steinhafel, chairman of the company, commented.

Sales dropped 2.7 percent, to $14.6 billion from $15.0 billion, due to a comparable store sales decline of 6.2 percent, which the company said was partially offset by the contribution from new store expansion. Retail segment earnings before interest expense and income taxes were $1,064 million, a 3.1 percent decrease. Credit card segment profit totaled at $63 million compared to $74 million last year.

At the end of the second quarter, Target operated 1,719 stores in 49 states.

more Financial and General Interest News >>

Published 08-19-2009 by Amanda Torres Price

Related Articles

Target: 2.7% 2Q Sales Drop

Comment on this article, brand or product

Disclaimer: The views expressed in comments published on are those of the comment writers alone. They do not represent the views or opinions of Bodymagazine or its staff.

NOTE: Your Email will not be displayed.

Follow BODY on:
twitter FaceBook RSS
Share this article on:
Digg Reddit Stumble

Contact Information: (718)676-4444
Copyright © 2017 Fashion Market Magazine Group, Inc. All rights reserved.
All photos Copyright © 2000-2018 Nick Monjo & Fashion Market Magazine Group. All rights reserved.
Please email any website related issues to
bottom shadow