Target Corp's net retail sales for the four weeks ended August 4,
increased 10.8% to $4,363 million from $3,937 million a year earlier.
On this same basis, comparable-store sales increased 6.1%.
“As expected, sales for the month of July benefited from a calendar
shift and were in line with our planned increase in the range of 5 to
7%,” said Bob Ulrich, chairman and chief executive officer of Target.
In the quarter-to-date period, sales rose 9.3% to $14.167 billion with
comps up 4.9%. In the year-to-date period, revenues increased
9.2% to $27.8 billion on a 4.6% comp gain.
The company currently operates 1,537 Target stores in 47 states.
