Target Corp. reported that its April same-store sales rose 1.1 percent compared to the year-ago period. Target’s net retail sales for the four weeks ended April 28 were $4.98 billion, an increase of 2.1 percent from the comparable period last year.
The company said sales of Easter-related categories such as candy and apparel were hurt by Easter occurring two weeks earlier this year, pushing some sales into March.
First-quarter sales rose 6 percent to $16.54 billion, slightly below analysts' expectations of $16.83 billion, according to FactSet.
