-
Target Q3 profit up 3.7%, beats expectations
Minneapolis -- Target Corp.’s profit increased a better-than-expected 3.7% in the third quarter to $555 million, up from $535 a year earlier. The retailer’s performance was helped by solid spending and improvement in its credit card business.
Revenue rose 5.4% to $16.05 billion. Same-store sales were up 4.3% in the quarter.
-
American Express launches Target prepaid card
New York City -- American Express announced Tuesday that it has launched Target prepaid cards featuring email and text alerts.
The cards, sold exclusively at Target stores, work like debit cards and can be reloaded with cash, and are usually marketed to lower-income consumers who don't have credit cards or checking accounts. Fees on cards can range widely depending on the issuer.