Target Corporation reported that its net retail sales for the four weeks ended July 28, 2012 were $4,995 million, an increase of 3.2 percent from $4,840 million for the four weeks ended July 30, 2011. On this same basis, July comparable-store sales increased 3.1 percent.
“We’re pleased with Target’s July comparable-store sales increase of 3.1 percent,” said Gregg Steinhafel, chairman, president and chief executive officer of Target Corporation. “In addition, our second quarter comparable-store sales increase of 3.1 percent was right in line with our expectation going into the quarter. Guests continue to respond to our innovative merchandising, remodel program and 5% REDcard Rewards, driving healthy increases in traffic and sales in a consumer environment that remains quite challenging.”
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Sales
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Total Sales
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Comparable Stores % Change
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(millions)
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% Change
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This Year
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Last Year
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July |
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$4,995 |
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3.2 |
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3.1 |
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4.1 |
Second Quarter |
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$16,451 |
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3.5 |
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3.1 |
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3.9 |
Year-to-date |
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$32,989 |
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4.8 |
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4.2 |
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2.9 |
