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This June 29, 2016 file photo shows a Target store in Hialeah, Fla. Target shoppers took full advantage of the retailer’s pickup and drive up services over the holiday season, climbing 60 percent from a year earlier and making up a quarter of the chain’s online sales for the November-December period. Target Corp. also announced Thursday, Jan. 9, 2019 that sales at stores open at least a year increased 5.7 percent in the period, up from 3.4 percent a year earlier. (Alan Diaz/AP)

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NEW YORK — It was supposed to be a great holiday shopping season. Many investors had expected department stores to enjoy robust sales in light of a U.S. economy buoyed by low unemployment, higher wages, strong consumer confidence and cheap gas.

By Associated Press January 10, 2019