Target tames global supply backups; sales surge...
NEW YORK (AP) — Target delivered another strong quarter, overcoming a slew of challenges from inflationary pressures to congested ports. Third-quarter profits rose nearly 47%, while sales increased 13.2%, both exceeding expectations and the Minneapolis company raised projections for fourth-quarter comparable store sales. Target joins Walmart heading into the holiday shopping season with momentum. The biggest U.S. retailers are rerouting goods to less congested ports, even chartering their own vessels. Target also said it unloaded about 60% of its...