December 22, 2024

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Target reports 4Q loss on Canada pullout

NEW YORK — Target Corp. reported a loss in its fourth-quarter, dragged down by its move to discontinue its money-losing foray in Canada. But the discount retailer recorded strong sales as shoppers bought more items over the holiday period. The results, which included the second consecutive increase in a key sales measure in year, come a little more than a month after the discounter announced it was giving up its business into Canada and focusing …

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