Target Corporation reported that its net retail sales for the four weeks ended January 31, 2004 increased 11.9% to $3.063 billion from $2.738 billion for the four-week period ended February 1, 2003. Comparable-store sales increased 5.1% from January 2003.
“Sales for the total corporation were in line with our expectations for
the month of January,” said Bob Ulrich, chairman and CEO of Target
Corporation.
Sales Total Sales Comparable % Change
(millions) % Change Stores This Last Year
Year
January
Target $2,683 12.4 5.8 0.3
Mervyn's 177 (3.1) (3.5) (6.6)
Marshall Field's 134 2.4 4.3 (2.6)
Other 69 82.4 na na
Total $3,063 11.9 5.1 (0.4)
Fourth Quarter
Target $13,143 12.7 6.1 (1.1)
Mervyn's 1,065 (3.7) (4.7) (9.3)
Marshall Field's 760 (0.9) 0.5 (6.2)
Other 246 36.1 na na
Total $15,214 11.0 4.9 (2.2)
Year-to-date
Target $40,248 11.7 4.4 2.2
Mervyn's 3,394 (6.9) (7.6) (5.3)
Marshall Field's 2,459 (3.8) (2.6) (3.7)
Other 680 37.9 na na
Total $46,781 9.5 2.9 1.1
