Target Comps Up 2.8% for August

Target Corporation reported a net retail sales for the month of August increase of 9.2% to $4.22 billion from $3.86 billion for the same month last year. On a comparable-store basis, sales increased 2.8% over last year.

“Our sales in the month of August were in line with our expectations,” said Bob Ulrich, chairman and chief executive officer of Target Corporation.

                                           Comparable Stores  % Change
                  Sales       Total Sales  ---------------------------
               (millions)      % Change      This Year     Last Year
             -------------- -------------- ------------- -------------
August              $4,218            9.2           2.8           6.3

Year-to-Date       $29,671           11.1           4.6           6.5