By  on January 9, 2018

Target Corp. survived the bruising 2017 holiday season, and then some.

The Minneapolis-based retailer on Tuesday raised its fourth-quarter and full-year 2018 guidance based on its stronger-than-expected performance over the holiday and recently enacted federal tax reform. The retailer’s results led to comp-store sales growth in the combined November and December period of 3.4 percent, compared with the expected range of 0 to 2 percent. All of the retailer’s core merchandise categories, including home, apparel, food and beverage, hardlines and essentials, posted positive comps and accelerated from the third quarter, reflecting strong traffic growth and continued strength in digital sales.

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