Target Corp. reported that its net retail sales for the five weeks ended July 2, 2011 were $6.23 billion, an increase of 5.7 percent from $5.92 billion for the five weeks ended July 3, 2010. On this same basis, June comparable-store sales increased 4.5 percent.
“Were very pleased with Target’s June comparable-store sales, which were at the high end of our expected range,” said Gregg Steinhafel, chairman, president and chief executive officer of Target Corporation. “Our teams continue to focus on delivering fashion, value and reliability in every merchandise category both in stores and online. We believe that offering our guests the right combination of wants and needs, along with a great shopping experience, will lead to continued success for Target.”
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Sales |
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Total Sales |
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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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June |
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6,256 |
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5.7 |
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4.5 |
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1.7 |
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Quarter-to-date |
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11,055 |
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4.9 |
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3.8 |
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1.5 |
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Year-to-date |
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26,635 |
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3.6 |
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2.7 |
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2.3 |
