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Target's Profits Are Up

Filed under: Business BlitzTarget

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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.]

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More Losses For American Apparel

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Will there ever be good news for American Apparel?

The troubled clothing company submitted their 3rd quarter results to the SEC on Tuesday, and just like the quarter before they posted a loss.

AA reported net sales were down $9.5 million between the months of July and September due to increased production costs.

OK, whatever you say Dov.

[Image via AP Images.]

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