Target Corp reported that its net retail sales for the four weeks ended Aug. 30, increased 3.1% to $4.85 billion from $4.7 billion a year ago. August comparable store sales declined 2.1%.
“Our comparable store sales performance in August was in line with our planned range,” said Gregg Steinhafel, president and chief executive officer of Target Corporation. In August 2007, comps advanced 6.1%.
In the year-to-date period, sales climbed 5% to $34.1 billion. Comps were down 0.8%.
The company currently operates 1,648 Target stores in 47 states.
