Target’s Second-Quarter Sales Jump, Traffic Grows Most in a Decade

Target’s Second-Quarter Sales Jump, Traffic Grows Most in a Decade
A Target store is seen in the Brooklyn borough of New York, Nov. 14, 2017. Reuters/Brendan McDermid
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Target Corp’s second-quarter sales and profit beat estimates on Wednesday, helped by strong online sales and higher customer visits that grew the most in a decade, sending its shares up 6 percent in premarket trade.

The Minneapolis-based retailer also raised its profit forecast for the year after comparable sales including stores and online grew the most in 13 years.