Target Corporation reported that its net retail sales for the four weeks ended August 4, 2007 increased 10.8 percent to $4,363 million from $3,937 million for the four-week period ended July 29, 2006. On this same basis, comparable-store sales increased 6.1 percent.
"As expected, sales for the month of July benefited from a calendar shift and were in line with our planned increase in the range of 5 to 7 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. Our next sales recording is expected to be issued after the market closes on Monday, August 20, 2007. These recordings may be accessed by calling 612-761-6500.
Target Corporation's operations include large, general merchandise and food 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.
marketing@alchempro.com
