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Outside-the-Mall Retailers Defy Industry Gloom in the Amazon Era

  • Big-box retailers’ 2019 profit projections impress investors
  • Mall-based chains are closing stores as sales momentum wanes
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Target CEO Says Strategy Is Working, 2019 Will Be Better Than 2018
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The U.S. retail sector is looking just fine for 2019 -- as long as it’s not inside a shopping mall.

Shares of Target Corp. and Kohl’s Corp. jumped on Tuesday after both retailers gave optimistic profit projections for the current year. The companies, which traditionally occupy big-box locations in strip malls, are showing how to defend market share in the age of Amazon.com Inc., which continues to disrupt the industry.