Target Sees Sales Gain, Profits Fall

Target Corp. said yesterday it saw "solid increases" in consumables and its commodity business during the third quarter that ended Nov. 3, though sales were soft in higher-margin categories, particularly apparel.

MINNEAPOLIS — Target Corp. here said yesterday it saw "solid increases" in consumables and its commodity business during the third quarter that ended Nov. 3, though sales were soft in higher-margin categories, particularly apparel. Net income for the three-month third quarter fell 4.4% to $483 million, while total revenues rose 9.3% to $14.8 billion and comparable-store sales climbed 3.7%. For the year to date, net income increased 9.1% to $1.8 billion, while revenues rose 9.3% to $43.5 billi

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