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.”




Sales


Total Sales


Comparable Stores % Change



(millions)


% Change


This Year

 

 
Last Year

July



$4,995



3.2



3.1



4.1

Second Quarter



$16,451



3.5



3.1



3.9

Year-to-date



$32,989



4.8



4.2



2.9