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Target’s new CEO signals turnaround with upbeat outlook

(Corrects company ticker symbol in paragraph 1) March 3 (Reuters) - Target's new CEO Michael Fiddelke promised a return to annual sales growth and issued an upbeat profit outlook, signalling a turnaround push at the embattled retailer. Shares of the Minneapolis-based retailer were up 5.5% in... Read More.

Best Buy beats holiday quarter profit estimates, shares soar

March 3 (Reuters) - Best Buy beat Wall Street estimates for fourth-quarter profit on Tuesday, helped by the top U.S. electronics retailer's efforts to rein in costs amid uneven demand during the all-important holiday shopping season. Shares of the company surged about 12% in premarket... Read More.