Target Sees Gains in Traffic, Profits

Target Corp. said that its store traffic was up in the first fiscal quarter compared with a year ago, even as rival Wal-Mart reported the exact opposite.

MINNEAPOLIS — Target Corp. here said Wednesday that its store traffic was up in the first fiscal quarter compared with a year ago, even as rival Wal-Mart reported the exact opposite.

Target said most of its 2.8% gain comparable-store sales for the period, which ended May 1, were attributable to the 2.2% gain in comp-store traffic. Wal-Mart on Tuesday had reported a 1.1% decline in

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