With the weakening economy, Target has been walking a delicate tightrope, trying to convince consumers its prices are as low as Wal-Mart’s while touting its designer partnerships and style-driven products. Target Corp.’s second-quarter financial results, released Tuesday, indicate the retailer hasn’t quite convinced consumers they’ll find the bargains they seek.
Net earnings in the quarter ended Aug. 2 were down 7.6 percent to $634 million, compared with $686 million in last year’s second quarter. Earnings per share increased 2.4 percent to 82 cents, from 80 cents in the 2007 period.
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)
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