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Target May Comps. Up 4.4% - Quick Facts

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5/31/2012 8:09 AM ET

Target Corp. (TGT: Quote) said its May comparable-store sales climbed 4.4 percent, with the four-week net retail sales rising 5.0 percent to $5.04 billion from $4.8 billion reported last year.

"Target's May comparable-store sales were at the high end of our expected range," said Gregg Steinhafel, chairman, president and chief executive of Target.

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by RTT Staff Writer

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Editors Pick
There was a mixed performance on Wall Street on Friday. Shares suffered an early decline, as investors continued to express worries about the Federal Reserve. A recovery through the rest of the day allowed the Dow to edge into positive territory by the close. The Nasdaq and S&P 500 posted fractional losses. Stocks have shown a notable move to the downside in early trading on Friday amid lingering concerns about the outlook for the Federal Reserve's asset purchase program. The major averages have slid firmly into negative territory, adding to the modest losses posted in the previous session. The major averages are currently posting notable losses, near their lows for the young session. After reporting a sharp drop in new orders for manufactured durable goods in the previous month, the Commerce Department released a report on Friday showing that durable goods orders rebounded by more than anticipated in the month of April. The report said durable goods orders surged up by 3.3 percent in April after tumbling by a revised 5.9 percent in March.
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