Target Raises Sales Forecast
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•Target says its holiday sales were better than expected — but its profits weren't
85% Informative
Target says Black Friday and Cyber Monday saw record-high sales.
The big-box retailer now expects comparable sales in the fiscal fourth quarter to grow by about 1.5% .
The retailer cut its profit guidance in early November after it posted its biggest earnings miss in two years .
The National Retail Federation is expected to report its holiday sales recap Thursday .
Chief Information Officer Brett Craig will retire and be replaced by Prat Vemana .
Sarah Travis will become the company's chief digital and revenue officer.
Brian Cornell agreed to stay as Target 's CEO for three more years in a move that required the company to scrap its retirement age.
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