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• The Washington Post reports this morning that Target seems to be regaining some of its mojo, with its second quarter showing a 32 percent in online sales, and total Q2 sales that were up 1.6 percent, the first increase in more than a year, and same-store sales that were up 1.3 percent. (Profit, however, was down 1.2 percent.)

“Second-quarter traffic was much stronger than our expectations, and the strength was broad-based — across the country, across categories and across channels,” Brian Cornell, Target’s CEO, told analysts yesterday. “The positive response from our guests shows we’re making progress.”
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