Target Corporation said net retail sales for the four weeks ended Aug. 28, 2010 were $5.02 billion, an increase of 3.4% from $4.85 billion for the four weeks ended Aug. 29, 2009. On this same basis, August comparable-store sales increased 1.8%.
“August sales were in line with expectations,” said Gregg Steinhafel, chairman, president and chief executive officer of Target Corporation. “We’re pleased with our strong performance in back-to-school and back-to-college categories, as well as our performance in apparel and food. Guest traffic trends remained healthy throughout the month.
Sales | Total Sales | Comparable Stores % Change | |||||||||||||||||
(millions) | % Change | This Year | Last Year | ||||||||||||||||
August | $ 5,023 | 3.4 | 1.8 | (2.9 | ) | ||||||||||||||
Year-to-date | $ 35,307 | 4.5 | 2.2 | (4.7 | ) |