Target Corporation reported that its net retail sales for the four weeks ended August 25 were $5.5 million, an increase of 4.7 percent from $5.3 million for the year-ago period. August comparable-store sales increased 4.2 percent.
“We're pleased with Target's August comparable-store sales increase, which was near the high end of our expected range,” said Gregg Steinhafel, chairman, president and chief executive officer of Target Corporation. “Sales were stronger in the second half of the month, as guests responded to Target's broad assortment and compelling value for their back-to-school and back-to-college shopping.”
|
Sales
|
Total Sales
|
Comparable Stores % Change
|
||||||||||
|
(millions)
|
% Change
|
This Year
|
Last Year
|
|||||||||
| August | $5,543 | 4.7 | 4.2 | 4.1 | ||||||||
| Year-to-date | $38,532 | 4.8 | 4.2 | 3.1 | ||||||||
Minneapolis-based Target Corporation serves guests at 1,772 stores across the United States and at Target.com. The company plans to open its first stores in Canada in 2013. In addition, the company operates a credit card segment that offers branded proprietary credit card products. Since 1946, Target has given 5 percent of its income through community grants and programs; today, that giving equals more than $3 million a week.
