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Target's first quarter earnings rise

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High Five
Wednesday, May 16, 2012

 Food and fashion sales boost profits for the national discount retailer.

Target Corp. reported a 1.2 percent increase in first-quarter profit and raised its earnings forecast for the full year.

The reatailer, which became a discount darling by offering stylish clothes and trendy decor under the same roof as toothpaste and cereal, has had some success with drawing customers in with a larger selection of foods and a program it started in 2010 that offers a 5 percent discount for those who pay with Target-branded credit and debit cards.

Read more at OregonLive.



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