Target Corporation reported that its net retail sales for the four weeks ended March 1, 2008 increased 5.9 percent to $4,373 million from $4,128 million for the four weeks ended March 3, 2007. On this same basis, February comparable store sales increased 0.5 percent.
"Our comparable store sales performance in February was in line with our planned range," said Bob Ulrich, chairman and chief executive officer of Target Corporation.
Target's current sales disclosure practice includes a sales recording on the day of the monthly sales release. Consistent with this practice, a new message was recorded earlier. The next sales recording is expected to be issued on Thursday, April 10, 2008.
Target Corporation's operations include large, general merchandise and food discount stores and a fully integrated online business through which it offers a fun and convenient shopping experience with thousands of highly differentiated and affordably priced items.
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