Target confident about holiday sales outlook
November 15, 2002,
Minneapolis — Target remains confident about the upcoming holiday season, expecting to increase both sales and market share.
"The early reads on Christmas look quite positive so far," said Bob Ulrich, chairman and ceo, during its third quarter conference call yesterday. "We feel good about it."
Target's credit card operations, more specifically the Target Visa, which now has issued 8 million cards since its launch last year, enjoyed strong growth in the third quarter, said Gerry Storch, vice chairman, and receivables now total more than $3 billion.
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