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Target Reports ‘Explosive Demand for Dresses and Cosmetics’

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Target CEO Brian Cornell credited the mass merchant’s first-quarter earnings and revenue beats to consumers’ “enthusiastic return” to “in-store shopping.” Apparel sales, especially Target’s popular private labels, surged in Q1, reflecting the economy recovery emerging nationwide. In a Nutshell: Target continued to fire on all cylinders in the quarter, beating Wall Street’s consensus expectations on…

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