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Retail

Target's Q2 Sales Jump, Traffic Grows Most In A Decade

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% in pre-market 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.

Rising wages, lower unemployment and tax cuts have put more money in US consumers' pockets this year spurring them to shop more.

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