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Morning Alert for Target Corp.

Publication: M2 Presswire
Publication Date: 28-FEB-07 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-28 February 2007-bellwetherreport.com: Morning Alert for Target Corp(C)1994-2007 M2 COMMUNICATIONS LTD

RDATE:28022007

Morning Alert for Target Corp (NYSE:TGT)

Purveyor of all that is cheap, yet chic, Target Corporation has slimmed down. The nation's #2 discount chain (behind Wal-Mart) now operates nearly 1,500 Target and SuperTarget stores in 47 states, as well as an online business called Target.com. After years of struggling to turn around its Marshall Field's and Mervyns departments stores divisions, the discounter sold them both in 2004. Target and its cousins, including SuperTarget, which sells groceries, and Target Greatland, have carved out a niche by offering more upscale, fashion-forward merchandise than rivals Wal-Mart and Kmart. Target also owns apparel supplier The Associated Merchandising Corp. and issues Target Visa and its proprietary Target Card.

Shares were up 1% after 4th-Quarter Profit Beats Wall Street Estimates.

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