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Something rare occurred on Wall Street Thursday: Investors cheered for brick-and-mortar retailers

Posted by   /  July 14, 2017  /  Real Estate  /  No Comments

By Jackie Wattles | CNNMoney Amid a sea of bad news — store closings, layoffs and declining sales — Thursday was a bright spot for the traditional retail industry, which has suffered with the rise of e-commerce. Things kicked off when Target (TGT) raised its earnings guidance, saying it’s seen “improved traffic and sales” over the past two […]

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Target can no longer blame Canada

Posted by   /  January 15, 2015  /  Business Notes, Dealmaker, Economy  /  No Comments

Target

By Ben Rooney | CNN Money Target Canada is closing up shop. Target said Thursday that it will begin winding down its Canadian operations, which include 133 stores that employ 17,600 people. The Minneapolis-based company said it reviewed its Canadian subsidiary’s performance and concluded that it would not be profitable until 2021. “This was a […]

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