Target’s winning streak slows with disappointing holiday sales
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Target has strung together a bunch of good quarters lately, with sales boosted by a turnaround plan that includes a focus on the internet, remodeling stores and adding more in-house brands. Wednesday, though, the retailer reported sluggish growth, including over the all-important holiday shopping season. Target warned that growth for the full quarter, which closes at the end of the month, would come in less than half of the 3% to 4% growth it expected.
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