Target Corporation reported that its net retail sales for the five weeks ended July 7, 2007 increased 7.6 percent to $5,479 million from $5,093 million for the five-week period ended July 1, 2006. On this same basis, comparable-store sales increased 3.3 percent.
"Consistent with our June mid-month sales update, our comparable store sales were near the lower end of our planned range of 3 to 5 percent," 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 July 12th 2007. Our next sales recording is expected to be issued after the market closes on Monday, July 23, 2007.
marketing@alchempro.com
