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Target Corp. blames gloomy weather for sluggish 1Q sales

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Our prolonged cold and snowy weather is hurting Target Corp.’s spring sales of cloths, sporting goods and patio furniture, the Pioneer Press reports.

Wall Street Journal says the Minneapolis-based retail giant is warning investors that its first-quarter earnings will likely be slightly below projections because seasonal and weather-sensitive products are weaker than expected.

Target, which opened its first Canadian stores last month, expects to release its first-quarter figures on May 22.

Click here, to follow Target's stock performance.

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