By and  on February 26, 2014

Investors breathed a sigh of relief as soft fourth-quarter earnings reports from retailers including Target Corp. and Abercrombie & Fitch Co. were better than many had feared and analysts had projected.

The procession of not-as-bad-as-expected news continued after the markets closed as J.C. Penney Co. Inc. posted a fourth-quarter profit that, on an adjusted basis, translated into a smaller loss than the consensus estimate of analysts.

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