Target's Profits Are Up

A major website crash and thousand of angry online shoppers didn't get in the way of Target's 3rd quarter profits.

Earlier this week the retailer reported their profits rose 3.7% to $555 million compared to $535 million a year ago.

Target's chairman and president Gregg Steinhafel said in a statement they're "very pleased" with the results and are confident they have "the right strategy and team in place to drive continued strong performance this holiday season and well into the future."

[Image via AP Images.]

Tags: 3rd quarter, gregg steinhafel, profits increase, target