Target Corporation reported that its net retail sales for the four weeks ended June 2, 2007 increased 10.1 percent to $4,325 million from $3,929 million for the four-week period ended May 27, 2006. On this same basis, comparable-store sales increased 5.8 percent.
"Our comparable store sales in May 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. Our next sales recording is expected to be issued after the market closes on Monday, June 25, 2007.
marketing@alchempro.com
