Target Corp continuing Aug net retail sales moves up 12.2%
06 Sep '05
1 min read
Minneapolis based largest retailer Target Corporation reported that its net retail sales from continuing operations (principally Target Stores) for the four weeks ended August 27, 2005 increased 12.2 percent to $3.862 billion from $3.442 billion for the four-week period ended August 28, 2004. On this same basis, comparable-store sales increased 6.3 percent from fiscal August 2004.
The sales plan for the month was a comparable-store increase in the range of 4 to 6 percent.
"Company same-store sales growth in the month of August was slightly above our planned range for the month," said Bob Ulrich, Chairman and Chief Executive Officer of Target Corporation.
Target Corporation operates Target Stores, a chain of large, general merchandise discount stores consisting of 1,351 locations in 47 states, as well as an on-line business called Target.com.
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