Target Comp store sales slightly above than planned
11 Jul '08
1 min read
Target Corporation reported that its net retail sales for the five weeks ended July 5, 2008 increased 6.6 percent to $5,842 million from $5,479 million for the five weeks ended July 7, 2007. On this same basis, June comparable store sales increased 0.4 percent.
"Our comparable store sales performance in June was slightly above our planned range," said Gregg Steinhafel, president and chief executive officer of Target Corporation.
Target Corporation's retail segment includes large, general merchandise and food discount stores, and a fully integrated on-line business called Target.com. In addition, the company operates a credit card segment that offers branded proprietary and Visa credit card products. The company currently operates 1,613 Target stores in 47 states.
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