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Target sells commercial interior business
Target is shedding an obscure division that many people didn’t even know existed, as CEO Brian Cornell continues with his transformation of the company.
The company announced it will sell Target Commercial Interiors (TCI), a subsidiary that provides office furnishings and related services for business and commercial clients.
Minneapolis-based Omni Workspace Company, more commonly known as A&M Business Interior Services, will acquire TCI and operate it as a wholly owned subsidiary. TCI will be renamed following the completion of the acquisition.
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Dillard's posts drop in same store sales
Dillard’s joined Macy’s, Kohl’s and JCPenney in reporting lackluster results as a result of weak sales in the first quarter.
For the first quarter ended May 2, Dillard’s reported of $109.6 million, or $2.66 a share, compared with $111.7 million, or $2.56 a share, in the prior year quarter. Same-store sales declined 1%.

