Thursday, November 15, 2012 9:43 am
News Summary: Target 3Q profit climbs
The Associated Press
HOLIDAY FORECAST: Target said Thursday that it expects fourth-quarter adjusted earnings between $1.64 and $1.74 per share. Wall Street predicts earnings of $1.50 per share.
OPTIMISM: The critical holiday shopping season can make up 40 percent of a retailer's annual revenue. Target Corp. is optimistic about the period, citing its new price matching program and a holiday collection partnership with luxury department store Neiman Marcus.