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November 18, 2021

Target tames global supply backups; sales up 13.2%

  • Target and Walmart are using their scale to keep prices low and shelves full.
  • By ANNE D'INNOCENZIO
    AP Retail Writer

    NEW YORK — Target delivered another strong quarter, overcoming a slew of challenges from inflationary pressures to congested ports.

    Third-quarter profits rose nearly 47%, while sales increased 13.2%, both exceeding expectations and the Minneapolis company raised projections for fourth-quarter comparable store sales.


     
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