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Target Lowers Same-Store Sales Growth Projection

9/25/2007

Minneapolis, Target Corp. announced on Monday that it has lowered its forecast for September same-store sales growth.

According to a recorded company statement, Target reduced its growth projection to a range of 1.5% to 2.5%, vs. a previous forecast of 4% to 6%.

The company cited weaker store traffic in September, particularly in Florida and the Northeast.

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