Target Corporation net retail sales for the four weeks ended August 29, 2009 were $4.86 billion, an increase of 0.1% from $4.85 billion for the four weeks ended August 30, 2008. On this same basis, August comparable-store sales decreased 2.9%.
“Sales for the month of August were above expectations,” said Gregg Steinhafel, chairman, president and chief executive officer of Target Corporation. “Guest traffic in August was essentially flat to last year, marking a meaningful improvement from second quarter trends. We’re pleased with these results, which we believe reflect the resilience of both our guests and our strategy in a challenging environment.”
Sales Total Sales Comparable Stores % Change (millions) % Change
This Year
Last Year
August $ 4,856 0.1 (2.9 ) (2.1 ) Year-to-date $ 33,784 (1.0 ) (4.7 ) (0.8 )
