Target Corp. stumbled in the fourth quarter as markdowns weighed onits net earnings and although The TJX Cos. Inc. turned in strong resultsfor the period, the off-price giant acknowledged growth would slow thisyear.
Target’s net earnings fell 2 percent in the fourthquarter to $961 million, or $1.47 a diluted share, from $981 million, or$1.45, a year earlier. Adjusted earnings per share rose to $1.65, 17cents ahead of the $1.48 Wall Street analysts projected — but thecompany’s outlook disappointed and shares fell 1.5 percent to $63.12.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)