Target Corporation reported that its sales for the four weeks ended Aug. 27, 2011 were $5.29 billion, an increase of 5.4 percent from $5.02 billion a year ago. On this same basis, August comparable-store sales increased 4.1 percent.
“August comparable-store sales were in line with our expectations, reflecting solid results in our back-to-school and back-to-college categories,” said Gregg Steinhafel, chairman, president and chief executive officer of Target Corporation. “While the pace of the economic recovery is uneven and uncertain, we are confident in our ability to execute on our strategy, to offer the right balance of extraordinary value, convenience, newness and differentiation and to remain our guests’ preferred shopping destination.”
| Sales | Total Sales |
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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August |
|
|
|
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5,292 |
|
|
|
|
5.4 |
|
|
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4.1 |
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1.8 |
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Year-to-date |
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36,766 |
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|
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4.1 |
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3.1 |
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2.2 |
