Target Corporation reported that its net retail sales for the four weeks ended September 1, 2007 increased 11.6 percent to $4,707 million from $4,218 million for the four-week period ended August 26, 2006. On this same basis, comparable-store sales increased 6.1 percent.
"Our comparable store sales growth in August was near the upper end of our planned range," 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 24, 2007.
marketing@alchempro.com
