Target reports $2.6B loss in 4Q after closing Canadian holdings


ASSOCIATED PRESS: Target wary of first quarter earnings after posting fourth quarter loss.

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ASSOCIATED PRESS: Target wary of first quarter earnings after posting fourth quarter loss.

But the discount retailer recorded stronger-than-expected sales during the holiday period as shoppers bought more clothing and other items.

The results, which included the second consecutive increase in a key sales measure in a year, come a little more than a month after the discounter announced it was giving up on Canada and focusing on revving up its U.S. business.

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