Target Corp. (TGT) reported a profit for second quarter 2016 that declined 9.7 percent from the prior year, while revenue dropped 7.2 percent. Quarterly comparable sales decreased 1.1 percent. The company cut its profit outlook for fiscal year 2016. The company said it is on pace to exceed its goal to save $2 billion in costs over the 2-year period ending in 2016.
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