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October comps up 2.4% at Target
A 2.4% same-store sales increase during October was toward the low end of Target’s expectations, but it wasn’t enough to prevent the company from achieving its guidance for the third quarter.
Target reported that its net retail sales for the four weeks ended Oct. 27 were nearly $5 billion, a 3% increase from $4.8 billion reported during October 2011. The 2.4% comp increase was on top of a prior year gain of 3.3%.
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Exclusive CSA Series: Small retailer, big plans
New York -- Chainstoreage.com has launched a new case study series examining the ins and outs of building a chain. Fast-casual brand Pizza Rev – with two units and counting – will chronicle the challenges and opportunities encountered as they grow the California-based chain nationwide.