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The Independent UK
The Independent UK
Business
Anne d'Innocenzio

Target makes a massive comeback under its new CEO

Target CEO Michael Fiddelke, a 20-year company veteran who became the struggling retailer’s chief executive in February - (Getty)

Target reported its largest jump in comparable sales in four years Wednesday, marking an early success for its new CEO who embarked on an ambitious turnaround plan three months ago.

The retailer attributed the better-than-expected performance to increased customer purchases across all six of its primary merchandising categories.

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