Minneapolis based largest retailer Target Corporation reported its net retail sales from continuing operations (principally Target Stores) for the four weeks ended July 30, 2005 increased 11.9 percent to $3.593 billion from $3.211 billion for the four-week period ended July 31, 2004. On this same basis, comparable-store sales increased 5.5 percent from fiscal July 2004.
The sales plan for the month was a comparable-store increase in the range of 4 to 6 percent.
"Company sales in the month of July remained strong," said Bob Ulrich, Chairman and Chief Executive Officer of Target Corporation. "This performance reinforces their belief that Target will deliver very strong profit growth in the second quarter, consistent with their previous earnings per share guidance of 58 cents or more."
Target Corporation operates Target Stores, a chain of large, general merchandise discount stores consisting of 1,330 locations in 47 states, as well as an on-line business called Target.com
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