OTHER NEWS - Nov. 18, 1992
From Times Staff and Wire Reports
Dayton Hudson Corp. Earnings Surge 63%: The Minneapolis retailer said it earned $57 million, or 72 cents per share, in the quarter ended Oct. 31, compared to $35 million, or 40 cents per share, in the same period a year earlier. Revenue increased to $4.34 billion from $3.96 billion. Dayton Hudson achieved the earnings increase despite the weak economy in California, where the company has one-third of its stores. The company also announced a $1.1-billion capital spending plan for 1993. Under Dayton Hudson’s $1.1-billion capital spending plan, its Target discount division will open 40 to 50 new stores in 14 states, and Mervyn’s clothing stores will add 10 to 15 new stores in six states.
