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Target reports 2.8 per cent growth in sales for second quarter

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Image Courtesy: theblaze.com

                        Image Courtesy: theblaze.com

Target Corporation reported a 2.8 per cent increase in sales for the second quarter of 2015, with net sales of US $ 17.4 billion as compared to US $ 17.0 billion last year. The digital channel sales contributed 0.6 per cent points to net sales by showing a growth of 30 per cent. Gross margin rate for second quarter was 30.9 per cent as compared to 30.4 per cent last year, reflecting the benefit of annualizing heightened promotional markdowns in second quarter of 2014, and a favourable merchandise mix in second quarter of 2015. 

 

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