Minneapolis based largest retailer Target Corporation reported that its net retail sales from continuing operations (principally Target Stores) for the five weeks ended December 31, 2005 increased 11.6 percent to $8.420 billion from $7.548 billion for the five-week period ended January 1, 2005.
On this same basis, comparable-store sales increased 4.7 percent from fiscal December 2004.
"Target's comparable store sales for the month of December increased in line with their plan of 4 to 5 percent," said Bob Ulrich, Chairman and Chief Executive Officer of Target Corporation.
"They are pleased with their performance during this year's holiday season and remain comfortable with their outlook for the year overall."
Target Corporation operates Target Stores, a chain of large, general merchandise discount stores consisting of 1,400 locations in 47 states, as well as an on-line business called Target.com.
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