Target Corporation’s net retail sales for the four weeks ended May 27, 2006 increased 12.3%to $3.929 billion from $3.500 billion for the four-week period ended May 28, 2005. On this same basis, comparable-store sales increased 5.7% from fiscal May 2005.
“Target’s comparable store sales for the month of May 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
------------ ----------- ------------- ------------
May $3,929 12.3 5.7 5.1
Year-to-Date $16,422 11.9 5.3 6.0
