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Target interim CEO: Customers can shop with confidence
New York -- John Mulligan, the interim CEO of Target, said he wants customers to know they can shop with confidence at Target. Mulligan made his remarks during a TV interview with CNN's Poppy Harlow (See video below).
Mulligan, CFO of Target, was named as the interim CEO on Monday. He replaced company veteran Gregg Steinhafel, who departed the chain as it deals with the ongoing aftermath of its data breach.
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Whole Foods’ record revenue increase not enough for Street
Despite the Easter holiday shift, Whole Foods reported second-quarter revenue of $3.32 billion, a record increase of 10% from the prior-year quarter. But the record was not enough for Wall Street, which expected $3.34 billion.
The company’s earnings per share of 38 cents for the quarter also came in below expectations of 41 cents per share.