Home |  Log Out  |  Register  | Customer Service  | Subscriptions  | Free Newsletter  RSS feeds of the latest fashion news and more

Fashion Week 2008 American Express
Click Here
Wednesday, February 27, 2008
Target 4th-Quarter Earnings Fall 8.2%
Published: Wednesday, February 27, 2008
(Page 2 of 2)
Through its Go International program, Target has, for a time, sold looks from Behnaz Sarafpour, Proenza Schouler and Erin Fetherston.

Given sinking consumer confidence and the looming possibility of a recession, any new names entering the store might well get a trial by fire.

For the full year, Target's earnings rose 2.2 percent to $2.85 billion, or $3.33 a diluted share, on a 6.5 percent increase in revenues to $63.37 billion.

Target expects its comparable-stores sales to rise by 2 percent to 3 percent in 2008, with hopes for strength in the second half offsetting what seems to be a tough first half. Target said Wall Street's estimates, calling for earnings per share of 73 cents in the first quarter and $3.56 for the full year, were reasonable.