Canada Expansion Hits Target’s Q3

MINNEAPOLIS — Target Corp. here said its investment in Canada resulted in a decline in net income for the third quarter and nine-month period that ended Nov. 2, while sales advanced.

Net income for the quarter fell 46.4% to $341 million and sales increased 4% to $17.3 billion; for the year-to-date net income declined 28.8% to $1.5 billion, while sales were up 3% to $51.1 billion.

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