Can Target Thrive in Wal-Mart's Cross Hairs

One way that Target is trying to offset such disparity on the balance sheet is by expanding its credit card operations. Credit card income generated $445 million in pretax profit, or about 15 percent of Target's pretax profit last year. Mr. Scovanner said the company expected that to rise to around 20 percent of total earnings in the next year or two. ................
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