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  • Target reported that its third quarter earnings increased 78 percent to $537 million, up from $302 million during the same quarter last year. The results included $203 million from the sale of the Mervyn's chain, which closed during the quarter. Revenue was $10.9 billion, up 11 percent from $9.8 billion during the same period last year. Same-store sales grew by 4.5 percent.

    For the first nine months of the year, Target earnings were up 137 percent to $2.39 billion, from $1 billion during the same period last year. Revenue of $31.65 billion was up almost 12 percent from $28.35 billion a year ago.


  • Wal-Mart de Mexico (Walmex) posted October sales that were the equivalent of $1 billion (US), up 16.5 percent compared to a year ago. Same-store sales were up 8.3 percent.

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