Target Posts 1Q Profit Gains

Target Corp. here yesterday said net income for the 13-week first quarter that ended May 5 was up 17.6%, to $651 million, on a 9.2% increase in revenues, to about $14 billion, compared with the year-ago period

MINNEAPOLIS - Target Corp. here yesterday said net income for the 13-week first quarter that ended May 5 was up 17.6%, to $651 million, on a 9.2% increase in revenues, to about $14 billion, compared with the year-ago period. In a conference call with analysts, the company said it is seeing some softness in consumer demand for discretionary items relative to last year, although it was positive in its outlook for the year. The company also said it was continuing to expand its assortment of priv

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