Target Corporation reported that its net retail sales for the four weeks ended August 26, 2006 increased 9.2 percent to $4.218 billion from $3.862 billion for the four-week period ended August 27, 2005. On this same basis, comparable-store sales increased 2.8 percent from fiscal August 2005.
"Our sales in the month of August were in line with our expectations," said Bob Ulrich, chairman and chief executive officer of Target Corporation.
As a reminder, our current sales disclosure practice includes a sales recording on the day of our monthly sales release and one mid-month sales update.
Consistent with this practice, a new message was recorded earlier today. Our next sales recording is expected to be issued after the market closes on Monday, September 18, 2006. These recordings may be accessed by calling 612-761-6500.
Target Corporation's operations include large, general merchandise discount stores and a fully integrated on-line business through which we offer a fun and convenient shopping experience with thousands of highly differentiated and affordably priced items. The company currently operates 1,444 Target stores in 47 states.
marketing@alchempro.com
