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September sales even surprise Target execs

The Minneapolis-based retailer's store sales shot up more than 5 percent last month, beating Wall Street and their own expectations. Target officials say their net retail sales are now topping $40 billion for the year so far.
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The Minneapolis-based retailer's store sales shot up more than 5 percent last month, beating Wall Street and their own expectations. Target officials say their net retail sales are now topping $40 billion for the year so far.

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Target surprises Wall Street with higher July sales

Target Corp. said Thursday sales at stores open at least one year rose 3.1 percent in July, higher than the 2.7 percent that Wall Street analysts had expected. Total sales rose 3.2 percent to nearly $5 billion for the four-week period that ended July 28, Minneapolis-based Target said in a news release.

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Target Corporation on Thursday reported that its net retail sales for the five weeks ended June 30, 2012 were $6.4 billion, an increase of 2.6 percent from a similar five-week period last year.

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The Minneapolis-based retailer reports sales at stores open at least a year grew 4.3 percent in January. That easily beat Wall Street expectations of 2.1 percent.

Target reports strong quarterly sales, weak April sales

Shoppers spent less than Wall Street estimates expected in April. The Minneapolis-based retailer reports a key sales figure rose 1.1 percent last month. Foot, health and beauty continue to be the strongest categories. First-quarter sales were the strongest in more than six years, up 5.3 percent.

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Target Corp. says its same-store sales grew 2.4 percent in October, Forbes reports. Analysts were projecting same-store sales growth of 3.3 percent last month. The Minneapolis-based discount giant's total sales climbed 3 percent to $4.98 billion in October.

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