Target Corporation reported that its net retail sales for the four weeks ended August 30, 2003 increased 12.4 percent to $3.632 billion from $3.231 billion for the four-week period ended August 31, 2002. Comparable-store sales increased 5.7 percent from fiscal August 2002.
“Sales at Target Corporation were above plan in August, driven by well- above-plan sales at Target Stores,” said Bob Ulrich, chairman and chief executive officer of Target Corporation. “We are encouraged by this recent strength in sales at our Target division, and we remain comfortable with our previous guidance for third quarter earnings.”
Sales Total Sales Comparable Stores % Change
(millions) % Change This Year Last Year
August
Target $3,116 15.9 8.3 0.5
Mervyn's 292 (8.2) (8.9) (2.5)
Marshall Field's 165 (8.5) (7.3) (3.5)
Other 59 32.9 na na
Total 3,632 12.4 5.7 (0.1)
Year-to-date
Target $20,858 10.7 2.8 4.8
Mervyn's 1,835 (7.4) (7.8) (3.2)
Marshall Field's 1,260 (5.2) (4.2) (2.5)
Other 304 41.2 na na
Total 24,257 8.5 1.4 3.5
