business news in context, analysis with attitude

• Target Corp. reports that its second quarter profit was down 6.4 percent to $594 million, from $634 million during the same period a year ago. Q2 retail revenue was down fell 2.7 percent to $14.57 billion, on same-store sales that were off 6.2 percent.

• Unified Grocers reports that its third quarter net sales declined 2.4 percent to $992.5 million, compared to $1 billion during the same period a year ago. Q3 net earnings were $3.9 million, compared to net earnings of $4.8 million a year ago.
KC's View: