Target Corporation reported that its net retail sales from continuing operations for the four weeks ended January 28, 2006 increased 14.1% to $3.566 billion from $3.126 billion for the four-week period ended January 29, 2005. On this same basis, comparable-store sales increased 5.2% from fiscal January 2005.
“Target's comparable store sales were at the upper end of our planned range for the month of January, culminating a year of strong sales growth,” said Bob Ulrich, chairman and chief executive officer of Target Corporation. “We are pleased with our 2005 performance and optimistic that we will continue to deliver profitable market share gains throughout 2006.”
Sales Total Sales Comparable Stores % Change Continuing Operations (millions) % Change This Year Last Year January $3,566 14.1 5.2 9.4 Fourth Quarter $16,569 11.4 4.2 5.4 Year-to-Date $51,271 12.2 5.6 5.3