Target Corporation net retail sales for the five weeks ended January 3, 2004 increased 9.9 percent to $7.737 billion from $7.038 billion for the five-week period ended January 4, 2003. Comparable-store sales increased 4.1 percent from fiscal December 2002.
“Sales for the total corporation were essentially in line with our
expectations, driven by strong sales in the final two weeks of December,” said
Bob Ulrich, chairman and CEO of Target Corporation. “Sales at both Target
Stores and Marshall Field's were on-plan for the month, while sales at
Mervyn's were well-below plan.”
Total Comparable
Sales Sales Stores % Change
(millions) % Change This Year Last Year
December
Target $6,680 12.1 5.6 1.0
Mervyn's 549 (6.3) (7.3) (8.2)
Marshall Field's 407 (1.7) (0.3) (4.9)
Other 101 26.3 na na
Total 7,737 9.9 4.1 (0.3)Year-to-date
Target $37,566 11.7 4.3 2.4
Mervyn's 3,217 (7.2) (7.8) (5.3)
Marshall Field's 2,325 (4.2) (3.1) (3.8)
Other 611 34.2 na na
Total 43,719 9.3 2.7 1.2
