Minneapolis based largest retailer Target Corporation reported that its net retail sales from continuing operations (principally Target Stores) for the four weeks ended November 26, 2005 increased 9.1 percent to $4.583 billion from $4.203 billion for the four- week period ended November 27, 2004.
On this same basis, comparable-store sales increased 2.6 percent from fiscal November 2004.
"Target's comparable store sales for the month of November increased in line with their revised outlook of 2 to 3 percent.
Their performance strengthened as the month progressed and sales growth for the Thanksgiving week was consistent with their original expectations," said Bob Ulrich, Chairman and Chief Executive Officer of Target Corporation.
"Their outlook for this year's holiday season remains optimistic and they continue to expect that they will achieve profitable market share gains."
Target Corporation operates Target Stores, a chain of large, general merchandise discount stores consisting of 1,400 locations in 47 states, as well as an on-line business called Target.com.
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