Target Corporation's net retail sales for the month of March, 2006 increased 8.6% to $4.789 billion from $4.408 billion for the five-week period ended April 2, 2005. On this same basis, comparable-store sales increased 2.2% from fiscal March 2005.
“Target's comparable store sales for the month of March were in line with our expectations, reflecting the effect of this year's later Easter holiday,” said Bob Ulrich, chairman and chief executive officer of Target Corporation. “We expect this later Easter timing to significantly benefit our reported April sales results.”
Comparable Stores % Change Sales Total Sales -------------------------- (millions) % Change This Year Last Year -------------- --------------- --------- --------- March $4,789 8.6 2.2 8.2 Year-to-Date $8,520 9.5 2.8 8.5
