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Accelerating comps drive Target performance
MINNEAPOLIS — Target reported second quarter earnings per share of $1.03 that beat analysts’ estimates by a nickel, and the company elevated its full year profit forecast amid ongoing success of key initiatives.
Retail sales increased 5.1% to $15.9 billion from $15.1 billion thanks to a 3.9% same-store sales increase and the addition of several new stores. Operating profit for the retail business increased at a slower rate, rising 4.6% to $1.147 billion from $1.096 billion.
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Two Food Lion stores receive gold certification from EPA's GreenChill
SALISBURY, N.C. — The U.S. Environmental Protection Agency has awarded two Food Lion stores its 2011 gold-level GreenChill store certification award.
The stores are located in Conyers, Ga., and Columbia, S.C. Food Lion became a founding partner with the EPA's GreenChill program in 2007.