Target pulls out of yearlong sales slump with higher store traffic, online purchases

Target Corp. has pulled out of a yearlong sales slump while department stores continue to struggle.

After four consecutive quarterly sales declines, the Minneapolis-based retailer said this morning that comparable sales in the May-to-July quarter rose 1.3 percent, driven by increased traffic and a 32 percent growth in online sales. Target's stock jumped 5 percent in premarket trading.

http://www.startribune.com/target-pulls-out-of-yearlong-sales-slump-with-higher-store-traffic-online-purchases/440712813/