Target Corporation today reported that its net retail sales for the four weeks ended May 3, 2008 increased 9.0% to $4.25 billion from $3.90 billion for the four weeks ended May 5, 2007. On this same basis, April comparable store sales increased 3.1%.
“Comparable store sales performance in April was slightly below our planned range.” said Gregg Steinhafel, CEO of Target Corporation. As a reminder, the timing of Easter this year compared with a year ago benefited Targets April reported sales results.
Sales Total Sales Comparable Stores
(millions) % Change % Change
This Year Last Year
April $ 4,253 9.0 3.1 (6.1 )
March/April
Combined $ 9,929 4.6 (1.3 ) 3.8
Year-to-date $14,302 5.0 (0.7 ) 4.3
