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 Target¬ís 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