AOL.com Video - Daily Digit: Target Makes $961 Million

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Daily Digit: Target Makes $961 Million

Description:The Daily Digit is $961 million. That's Target's fourth quarter profit - down about $20 million from a year ago Why? The discount retailer just had the weakest holiday sales season in four years. Its new collection of designer dresses and dishes sold in collaboration with high-end department store chain Neiman Marcus was a fiasco. Plus, shoppers held back from discretionary spending in an uncertain economy, sticking to the basics like food and value-priced items. (1:18)

Source: Reuters

Tags: reuters , Neiman Marcus , wal-mart