Clothing lines clinched the number one spot as the major key player responsible for Target’s higher revenue from sales. Target’s profit clocked in at $671 million which is equivalent to 90 cents per share for the first three months of the year. Preceding year is at $522 million or 65 cents per share. While the giant conglomerate competitor Wal-Mart experienced an unexpected and alarming downfall in one of their discount stores last Tuesday, Target registered an augmentation of 2.8 percent. The rose of sales percentage was indexed in (Target) stores which are already opened for at least one year. Studies show that Wal-Mart loyal customers were found to be the ones more affected by the economic crisis felt by the nation in 2009. On the other hand, those who have been affected but have rather stable finances cling to retailers like Target for a number of considerations. With recession starting to retreat, consumers become wiser and opt to go to retailers and department stores for their needs. Unpredictably, credit card business performed better, taking into consideration the present fiscal predicament. This can be attributed to diminution in bad debt expense from the preceding year. Income from this group grew from $39 million to a whopping $111 million.
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